MEPs vote to increase European Social Fund by 19%

euro money

Increasing European Social Fund funding by 19%, will primarily benefit children and young people, the European Parliament has proposed.

The Employment Committee’s proposed increase would be factored into the EU’s 2021-27 budget and would see a shift from €89,6 billion to approximately €106,8 billion.

It is understood that €105,7 billion would be managed jointly between EU and member states.

The increase funding is intended to support greater opportunities for employment and those in poverty and facing social exclusion.

MEPs supported the motion by 543 votes to 81 against.