| Author (Person) | Thomson, Ian (Editor) |
|---|---|
| Publisher | ProQuest Information and Learning |
| Series Title | In Focus |
| Publication Date | September 2004 |
| Content Type | News, Overview |
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Summary: The European Commission adopted on the 15 July 2004 the legislative framework for the reform of cohesion policy for the period 2007-2013. The new framework proposes a more targeted and simplified approach for the implementation ofthe next generation of European national and regional development programmes. In accordance with the policy proposals adopted in February 2004, the aim of the programmes will be to boost competitiveness and growth in the enlarged European Union, with a proposed allocation totalling €336.3 billion over seven years, around one-third of the budgetary plans for the next period. The cohesion legislative package consists of a general regulation, together with regulations for each of the funding sources (European Regional Development Fund (ERDF), European Social Fund (ESF),Cohesion Fund). The package is completed by an entirely new proposal creating the framework for a cross-border authority to manage cooperation programmes. Hanging over the proposals, however, is a budgetary issue. Some Member States have called for the EU budget to be capped at 1% of Community GDP (as against 1.24% at present). But to fund the regional policy proposals and other objectives, the European Commission is proposing that the total budget should be at least 1.11% of GDP, of which 0.43% would be for regional policy. |
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| Subject Categories | Internal Markets |
| Keywords | European Regional Development Fund [ERDF], European Social Fund [ESF] |
| International Organisations | European Union [EU] |
