The ERDF perspective
The new ERDF Regulation (Regulation EU 2021/1058) for the 2021-2027 period defined the following specific objectives for the ERDF and CF:
- PO1: a more competitive and smarter Europe by promoting innovative and smart economic transformation and regional ICT connectivity;
- PO2: a greener, low-carbon transitioning towards a net zero carbon economy and resilient Europe by promoting clean and fair energy transition, green and blue investment, the circular economy, climate change mitigation and adaptation, risk prevention and management, and sustainable urban mobility;
- PO3: a more connected Europe by enhancing mobility;
- PO4: a more social and inclusive Europe implementing the European Pillar of Social Rights;
- PO5: a Europe closer to citizens by fostering the sustainable and integrated development of all types of territories and local initiatives
Financial instruments co-funded by the ERDF can be used to support a wide range of projects. However, the majority of the investments supported by financial instruments are expected to target the first two priority areas, with a growing number of financial instruments also expected to be orientated towards PO5, supporting urban development and initiatives including the New European Bauhaus.
