Historical development of the european structural and investment funds

Victor Forte-Campos and Juan Rojas

Economic Bulletin, 2021, issue 3/2021, No 20

Abstract: In December 2020 the European Council approved the regulation establishing the European Union (EU) Multiannual Financial Framework for 2021-2027 and the Next Generation EU recovery facility. Both mechanisms will help provide in the coming years for financing worth €1.8 trillion to sustain the EU’s post-pandemic recovery and its long-term priorities. To set the scale of these funds and the challenge of managing them in context, this article firstly describes the European Structural and Investment Funds. It then offers a detailed analysis of the amount and composition of the resources received to date under these funds, along with their distribution by type of expenditure in the biggest EU countries, with particular emphasis on Spain. Lastly, given the regional focus of the allocation criteria, the final section of the article dissects the course, composition and distribution by type of expenditure of these funds among Spain’s different regions.

Keywords: structural funds; European investment funds; Next Generation EU; regional governments. (search for similar items in EconPapers)
JEL-codes: E60 H30 H50 (search for similar items in EconPapers)
Date: 2021
Note: Analytical Articles
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.bde.es/f/webbde/SES/Secciones/Publicac ... es/be2103-art20e.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bde:journl:y:2021:i:09:d:aa:n:20

Access Statistics for this article

More articles in Economic Bulletin from Banco de España Contact information at EDIRC.
Bibliographic data for series maintained by Ángel Rodríguez. Electronic Dissemination of Information Unit. Research Department. Banco de España ().