ENFANTS TERRIBLES
enfants-terribles
enfants-terribles
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GRAPH 2: Share of European Regional Development, Social and Cohesion Funds and national co-financing in total public<br />
investment, average 2011-2013; source DG Regional and Urban Development<br />
% of total public investment<br />
90<br />
80<br />
70<br />
60<br />
50<br />
40<br />
30<br />
EU-27<br />
20<br />
10<br />
SK LT HU BG LV PT EE CZ PL MT RO SI EL ES IT CY DE FI FR UK BE SE AT IR NL DK LU<br />
Central and Eastern Europe is where EU funds play a substantial<br />
role in financing public infrastructure investments (Graph 2).<br />
Between 40% (Romania) and 85% (Slovakia) of all<br />
public investment from 2011-2013 was carried out<br />
with contributions predominantly from EU funds, with a<br />
national co-financing rate of between 15% and 50% of<br />
project costs. This trend is expected to continue in the<br />
2014-2020 period. In other words, the way EU funds are<br />
invested in infrastructure in Central and Eastern Europe<br />
significantly shapes the countries’ economic development<br />
paths.<br />
THE EU COHESION POLICY 2014-2020 PURSUES A BROAD RANGE OF OBJECTIVES 18 ,<br />
PRACTICALLY SERVING ALL AREAS OF PUBLIC INVESTMENT:<br />
(1) Strengthening research, technological development and innovation.<br />
(2) Enhancing access to, and use and quality of, ICT.<br />
(3) Enhancing the competitiveness of SMEs.<br />
(4) Supporting the shift towards a low-carbon economy in all sectors.<br />
(5) Promoting climate change adaptation, risk prevention and management.<br />
(6) Preserving and protecting the environment and promoting resource efficiency.<br />
(7) Promoting sustainable transport and removing bottlenecks in key network infrastructures.<br />
(8) Promoting sustainable and quality employment and supporting labour mobility.<br />
(9) Promoting social inclusion, combating poverty and any discrimination.<br />
(10) Investing in education, training and vocational training for skills and lifelong learning.<br />
(11) Enhancing institutional capacity of public authorities and stakeholders and efficient public administration.<br />
18<br />
REGULATION (EU) No 1303/2013 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 17 December 2013 laying down common provisions on the European<br />
Regional Development Fund, the European Social Fund, the Cohesion Fund, the European Agricultural Fund for Rural Development and the European Maritime<br />
and Fisheries Fund and laying down general provisions on the European Regional Development Fund, the European Social Fund, the Cohesion Fund and the<br />
European Maritime and Fisheries Fund and repealing Council Regulation (EC) No 1083/2006<br />
12<br />
‘Climate’s enfants terribles: how new Member States’ misguided use of EU funds is holding back Europe’s clean energy transition’