EU funds
EU funds 2021-2027
Funds that will be available to member states in the financial period 2021-2027. are allocated from two sources. One is common and we call it the Multiannual Financial Framework (MFF) which is programmed for a seven-year period, while the other source is an innovation that proved necessary due to the crisis caused by the coronavirus. This source is Next Generation EU (NGEU).
Funds allocated to the Republic of Croatia for the financial period 2021-2027. in current prices, they amount to more than 14 billion euros from the VFO and slightly more than 11 billion euros from the NGEU.
The allocated funds are allocated to Cohesion Policy (European Regional Development Fund, European Social Fund+ and Cohesion Fund), Just Transition Fund (FPT), European Maritime, Fisheries and Aquaculture Fund (EFPRA), Asylum, Migration and Integration Fund ( FAMI), Internal Security Fund (FUS), Instrument for financial support in the area of border management and visa policy (BMVI), European Agricultural Fund for Rural Development (EPFRR) and European Agricultural Guarantee Fund (EAGF).
European Regional Development Fund (ERDF)
Purpose: investments in infrastructure; research and innovation, productive investments in SMEs and investments aimed at preserving existing and creating new jobs, equipment, software and intangible assets and networking, cooperation and exchange of experiences.
Areas of funding:
- Infrastructure investments
- Investments in the production sector
- Encouraging economic growth and employment
- Environmental protection
- Innovations
Purpose: contribution to the general goal of strengthening the economic, social and territorial cohesion of the Union by providing financial contributions in the areas of the environment and trans-European networks in the field of transport infrastructure ("TEN-T").
Areas of financing:
- investments in the field of the environment, including investments related to sustainable development and energy that bring benefits to the environment, with a special emphasis on renewable energy;
- investments in TEN-T;
- technical assistance;
- information, communication and studies.
Purpose: investing in people and systems in employment, education and social inclusion policies, which supports economic, social and territorial cohesion
Areas of funding:
- Inclusive labor market and promotion of employment
- Education and lifelong learning
- Social inclusion
- Health care
- Youth employment
- Social innovations
- Material deprivation
European Agricultural Fund for Rural Development (EPFRR)
Purpose: sustainable development of rural areas by acting within the framework of three long-term goals: encouraging competitiveness and forestry, sustainable management of natural resources and action against climate change, and achieving balanced territorial development of rural economies and communities, including the creation and retention of jobs.
The fund can finance activities related to:
- encouraging the transfer of knowledge and innovation in agriculture, forestry and rural areas
- improving the profitability and competitiveness of all types of agriculture and promoting innovative agricultural technologies and sustainable forest management
- promoting food chain organization and animal welfare and risk management in agriculture
- promoting resource efficiency and encouraging the transition to a low-carbon economy resilient to climate change in the agricultural, food and forestry sectors
- restoring, preserving and improving ecosystems related to agriculture and forestry
- promoting social inclusion, reducing poverty and encouraging economic development in rural areas.
European Maritime, Fisheries and Aquaculture Fund (EFPRA)
Purpose: support to the fishing industry and coastal communities with the aim of their adaptation to the changed conditions in the sector and to achieve economic and ecological sustainability. The fund is designed to ensure sustainable fisheries and the aquaculture industry (farming of fish, shellfish and underwater plants).
The fund can finance activities related to:
- Sustainable fishing
- Development of the fisheries sector
- Protection and restoration of biodiversity
- Strengthening the aquaculture sector
- Strengthening the market for fishery and aquaculture products
- Strengthening of the processing industry
NPOO
In order to mitigate the economic and social consequences of the pandemic, a special financial instrument was established at the EU level, which should provide the member states with accelerated economic recovery and digital and green transformation for more sustainable development and greater resistance of society and economy to future crises.
In July 2020, an agreement was reached on the recovery plan at the EU level, i.e. the instrument called "Next Generation EU", as well as on the Multiannual Financial Framework for the period 2021-2027 (MFF).
Croatia secured financial resources for its Plan within the Mechanism in the amount of almost HRK 75 billion (EUR 9.9 billion), of which HRK 47.5 billion (EUR 6.3 billion) are grants, and about HRK 27 billion (3 .6 billion euros) of favorable loans.
The plan is structured to include five components and one initiative:
Modernisation fund
The Modernization Fund is a financing instrument of the European Union that supports investments in line with climate and energy goals until 2030, established on the basis of Directive (EU) 2018/410. Europe wants to ensure its climate neutrality and energy independence and has set the following goals:
- at least a 55% reduction in greenhouse gas emissions compared to 1990 levels,
- at least 32% of the share of renewable energy sources in the total energy used and
- improvement of energy efficiency by at least 32.5%.
With the aim of speeding up the energy transition in members with lower incomes, through the Modernization Fund, 10 countries (along with other European instruments) were given the opportunity to use grants intended to encourage modernization investments in the power sector, as well as other energy systems.
Applying for EU funds consists of the following steps
I
Selection of the appropriate tender
II
Analysis of the project idea
III
Application to the competition
IV
Creation and preparation of project documentation
V
Creation of an investment study
