MEPs from the Regional Development Committee broadly endorse, in a report adopted on Wednesday with 26 votes in favour, 10 against, and 5 abstentions, a Commission proposal to adapt the EU’s cohesion policy priorities in the period 2021–2027 while introducing some targeted changes to ensure that the main cohesion policy principles remain in place.

New priorities and flexibilities

MEPs backed the proposed introduction of new objectives that would be eligible for cohesion funds, namely defence industrial capabilities and military mobility, water resilience, affordable housing, decarbonisation, and energy infrastructure. They also agreed to channel some of the funds into EU competitiveness, particularly to the Strategic Technologies for Europe Platform (STEP), and to extra support for EU regions bordering Russia, Belarus and Ukraine.

MEPs also supported more favourable funding conditions, including the possibility of 100% co-financing, 30% pre-financing and a further pay-off of…