There are 5 structural and investment funds under ESIF :
Its key priority areas are:
- Innovation and research;
- The digital agenda;
- Support for small and medium-sized enterprises (SMEs);
- The low-carbon economy.
With the ESF the EU pursues the increase of occupation levels in its member states, the improvement of further educations, reduction of long term unemployment, increase of job opportunities for the young generations and of activity rates for women.
For the 2014-2020 period, the Cohesion Fund concerns Bulgaria, Croatia, Cyprus, the Czech Republic, Estonia, Greece, Hungary, Latvia, Lithuania, Malta, Poland, Portugal, Romania, Slovakia and Slovenia.
The Cohesion Fund allocates a total of € 63.4 billion to activities under the following categories:
- trans-European transport networks, notably infrastructure projects under the Connecting Europe Facility;
- environment: projects related to energy or transport that clearly benefit the environment (in terms of energy efficiency, use of renewable energy, strengthening public transport, etc.)
- fostering the competitiveness of agriculture;
- ensuring the sustainable management of natural resources, and climate action; and
- achieving a balanced territorial development of rural economies and communities including the creation and maintenance of employment.
- helps fishermen in the transition to sustainable fishing
- supports coastal communities in diversifying their economies
- finances projects that create new jobs and improve quality of life along European coasts
- makes it easier for applicants to access financing.