(02 December 2020) – The Commission welcomes the political agreement reached between the European Parliament and the Council on the Common Provisions Regulation (CPR) for shared management funds, including those for the EU cohesion policy.
This is the second file related to cohesion policy whose trilogue negotiations are concluded pending the final approval of the legal texts by the European Parliament Plenary and the Council.
The CPR provides the policy framework necessary to ensure that shared management funds continue to fulfil the Treaty objective of promoting convergence and supporting the least developed parts of the EU.
As the main legal basis for cohesion policy, the CPR ensures the means to address the emerging economic and social challenges “through higher flexibility in terms of transferring resources and extended capacity to address future crises.”