The Cohesion Fund of the European Commission, created in 1994, allows financing environmental projects and trans-European networks.[1]​ This aid is intended for Member States with a Gross National Income (GNI) of less than 90% of the EU average.[2]​.

Contenido

Su fin consistía en que los países del norte de Europa ayudaran a los del sur a desarrollarse y que eso beneficiaría a todos los miembros de la Comunidad. Los países del sur tras su desarrollo importarían a los del norte creándose un nuevo mercado entre los miembros de la Comunidad Europea.

Period 2007-2013

For the period 2007-2013, the Cohesion Fund will finance actions within the framework of the "Convergence" objective. This objective aims to accelerate the convergence of less developed Member States and regions by improving conditions for growth and employment.

The ceiling of the Cohesion Fund's participation in co-financed public expenditure in the Member States is set at 85%.

The Cohesion Fund's mission is to strengthen the economic and social cohesion of the European Union, while promoting sustainable development.

The areas of intervention of the Cohesion Fund are the following:

Financial assistance from the Fund is conditional, to the extent that the Council can:

REACT-EU

Recovery Aid for European Cohesion and Territories (REACT-EU) is an initiative that aims to help prepare for a green (European Green Deal), digital and resilient recovery of the community bloc's economy after the 2020 coronavirus disease pandemic in Europe.[3]​.

The REACT-EU package includes €55 billion of additional funds made available to the European Regional Development Fund (ERDF), the European Social Fund (ESF) and the Fund for European Aid to the Most Deprived (FEAD) for the period 2014-2020. In 2020 these funds come from a specific review of the multiannual financial framework, and for the period 2021-2022 the funds will be provided through the Next Generation EU program.[3]​.