Grant

The Innovation Fund is one of the world’s largest funding programmes for the demonstration of innovative low-carbon technologies. The goal is to help businesses invest in clean energy and industry to boost economic growth, create local and future-proof jobs, and reinforce European technological leadership on a global scale.

This is done through calls for large (>EUR 7.5m) and small-scale projects focusing on:

• innovative low-carbon technologies and processes in energy-intensive industries, including products substituting carbon-intensive ones

The mechanism will facilitate a more cost-effective roll-out of renewables across the EU, particularly in areas that have a greater access to natural resources or are better suited for it in terms of geography.

 the mechanism links countries that voluntarily pay into the mechanism (contributing countries) with countries that agree to have new projects built on their soil (hosting countries). However, there is no direct link or negotiation between contributing and hosting countries, as is required under other EU cooperation mechanisms.

The Connecting Europe Facility (CEF) supports the development of high-performing, sustainable, and efficiently interconnected trans-European networks in the fields of transport, energy, and digital services.

In addition to grants, the CEF provides financial support to projects through innovative financial instruments such as guarantees and project bonds. These instruments create significant leverage in the use of the EU budget and act as catalysts to attract further funding from the private sector and other public actors.

The Just Transition Fund (JTF) is a new instrument of the Cohesion Policy 2021-2027, as the first pillar of the Just Transition Mechanism in the context of the European Green Deal aiming at achieving the EU climate-neutrality by 2050.

The European Social Fund Plus (ESF+) is the European Union (EU)’s main instrument for investing in people and supporting the implementation of the European Pillar of Social Rights.

The European Regional Development Fund (ERDF) provides funding to public and private bodies in all EU regions to reduce economic, social and territorial disparities. The Fund supports investments through dedicated national or regional programmes.

In 2021-2027, the fund will enable investments to make Europe and its regions:

The European Maritime, Fisheries and Aquaculture Fund (EMFAF) is the fund for the EU's maritime and fisheries policies for 2021-2027.

The fund

The European agricultural fund for rural development (EAFRD) finances the Common agricultural policy’s (CAP’s) contribution to sustainable development of rural areas through three long-term objectives: