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On 21 July 2020, EU leaders reached an agreement on a budget allocation of over €1.82 trillion at an extraordinary in-person meeting in Brussels. This package of measures, which brings together the multiannual financial framework (over €1.07 trillion),
euros) and extraordinary recovery measures under the NEXT GENERATION EU instrument (€750 billion), will contribute to the EU's reconstruction after the COVID-19 pandemic and support investment in the green and digital transitions.
Understanding this proposal, approved by the European Commission, and the various funding programs is essential to match each project with the most appropriate call for proposals. Furthermore, within the framework of the new REGIONAL POLICY policy, between 65% and 85% of ERDF and Cohesion Fund resources will be allocated to the following priorities:
▪ A smarter Europe, through innovation, digitalization, economic transformation, and support for small and medium-sized enterprises.
▪ A greener, carbon-free Europe that implements the Paris Agreement and invests in energy transition, renewable energy, and the fight against climate change.
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