Cohesion Fund

Donor: 
Any donor
European Union
Geographical focus: 
Global
Europe
Thematic focus: 
Energy in Tourism
Infrastructure in Tourism
Social inclusion and Poverty reduction in Tourism
Sustainability of natural resources in Tourism
Intro text: 
The Cohesion Fund has been set up as the compensation mechanism for the EU Member States with comparatively low income in connection with establishment of European Monetary Union that was envisaged in the Maastricht Treaty (1992). In 1994 a Council Regulation was issued that established the Cohesion Fund. The Cohesion Fund is administered by the European Commission, DG Regional and Urban Policy.

Official website

http://ec.europa.eu/regional_policy/en/funding/cohesion-fund/

Geographic focus

Bulgaria, Croatia, Cyprus, the Czech Republic, Estonia, Greece, Hungary, Latvia, Lithuania, Malta, Poland, Portugal, Romania, Slovakia and Slovenia.

Who can apply?

Eligibility is decided at national level.

Objectives and activities

Objective: The Cohesion Fund aims to reduce economic and social disparities and to promote sustainable development in Europe.

Activities:

  • Investment in the environment, including areas related to sustainable development and energy which present environmental benefits:
    • Environmental infrastructure; and
    • Promotion of environmentally friendly energy.
  • Cohesion Funds are used to fund projects in the environment, transport, infrastructure and renewable energy sectors:
    • Trans-European transport networks (TEN-T);
    • Sustainable transport development; and
    • Development of road traffic, city transport, railroad, ports and airports.

Type and level of funding

The Cohesion Fund will make available up to EUR 74,928.36 million to invest in Europe’s regions, cities and the real economy for the 2014-2020 period.

The Cohesion Fund allocation is disbursed through grants. The level of funding is defined in the calls prepared by Managing Authorities.