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Covenant of Mayors - Europe

Financial instrument

INTERREG A – cross border cooperation

Cross-border cooperation between adjacent regions to promote integrated and harmonious regional development between neighbouring land and maritime border regions:

(a) internal cross-border cooperation between adjacent border regions of two or more member states or between adjacent border regions of at least one member state and one or more third countries

(b) external cross-border cooperation, between adjacent border regions of at least one member state and of one or more partners from IPA III beneficiaries, partner countries supported by NDCI and Russian Federation.

Public Sector Loan Facility

The Public Loan Facility complements the two other pillars of the Just Transition Mechanism, the Just Transition Fund (JTF) and a dedicated just transition scheme under InvestEU. It helps to address the socio-economic challenges of the transition to climate neutrality in the most affected territories as identified in the territorial Just Transition Plans.

Just Transition Fund

The Just Transition Mechanism (JTM) is a key tool to ensure that the transition towards a climate-neutral economy happens in a fair way, leaving no one behind. The Just Transition Fund (JTF) is one of its three pillars (together with the InvestEU Just Transition Scheme and the Public Sector Loan Facility). As the new instrument of the Cohesion policy supports the territories most affected by the transition towards climate neutrality to avoid regional inequalities.

ESF+

The European Social Fund Plus (ESF+), with a budget of almost € 99.3 billion for the period 2021-2027, provides an important contribution to the EU’s employment, social, education and skills policies, including structural reforms in these areas.

The Fund is one of the cornerstones of recovery from the coronavirus pandemic and will help address challenges related to labour participation, education and health systems and increased inequalities.

EAFRD - European Agricultural Fund for Rural Development

European agricultural fund for rural development (EAFRD) is an instrument of the EU’s common agricultural policy (CAP) that focuses on resolving the particular challenges of rural areas. The government appoints the Managing Authority whose task is to inform potential beneficiaries of the support that is available, the rules that apply and the level of the EU contribution.

Cohesion Fund

The Cohesion Fund provides support to Member States with a gross national income (GNI) per capita below 90% EU-27 average to strengthen the economic, social and territorial cohesion of the EU. The Cohesion Fund supports investments in the field of environment and trans-European networks in the area if transport infrastructure (TEN-T).

It is also possible to use the CF in the form of financial instruments.

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