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S&Ds: Great success on cohesion policy with almost €380 billion for innovation, youth employment and child guarantee

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Following the positive vote today in plenary on the common provisions on the European Regional Development Fund, the European Social Fund Plus, the Cohesion Fund, and the European Maritime and Fisheries Fund, and financial rules for those and for the Asylum and Migration Fund, the Internal Security Fund and the Border Management and Visa Instrument, the co-rapporteur and S&D coordinator, Constanze Krehl, stated:
"We reached a great success with almost €380 billion to support all regions and to boost development and tackle inequality between and within member states. These investments will also go towards innovation, promoting competitiveness, digital transformation and industrial adaptation, fight against youth unemployment and poverty, as well as towards a low-carbon, circular economy and the fight against climate change.
 
“The S&D has also managed to have the European Parliament reject the macro-economic conditionality within cohesion policy which punishes the regions for the mistakes of national governments.
 
"We have pushed for an increase in the money available for regions with high youth unemployment or integrating large numbers of migrants. Furthermore, we have worked to ensure that there is more money to help societies make the transition to a low-carbon economy. This can lead to a double goal: creating opportunities for new high-skilled jobs and tackling climate change. We want to create 1 million jobs in the EU.
 
“Last but not least, S&D successfully worked to include around €6 billion for a European Child Guarantee. A great success!”
 
Note to the editor:
The Common provisions cover the European Regional Development Fund, the European Social Fund Plus, the Cohesion Fund, and the European Maritime and Fisheries Fund and financial rules for those and for the Asylum and Migration Fund, the Internal Security Fund and the Border Management and Visa Instrument.
 
 

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