EC’s lower funding targets mean many projects won’t be funded – Sant

Plenary session week 43 2014 in Strasbourg - European Semester for economic policy coordination: implementation of 2014 priorities

MEP Alfred Sant has called the European Commission’s proposed lower targets for funding ‘unfair’, when compared to a recent European Parliament resolution.

According the resolution, the Parliament had called for the EC to maintains its current levels. This would see Commission maintain 85% financial support projects to approved by the European Regional Development Fund, the European Social Fund Plus, the Cohesion Fund and the European Maritime and Fisheries Fund. This would support less developed regions of Europe. Equally, a 65% fund would support transition regions.

However, the MEP said that the Commission had instead proposed ‘much lower targets’ meaning that ‘many projects would not be getting EU funding’.

‘The Commission proposal is unfair. More than that, it puts in peril the reputation for surety of finalisation and payment that approved projects by EU Funds have acquired.’, Dr Sant said.

In addition to this, the MEP also protested against the Commission’s decision to penalise EU member states that breach euro-zone rules by cancelling their funds for approved projects.

‘Thus, beneficiaries of projects including regional authorities would be punished for decisions taken by national governments.’, he said.