(03 June 2020) – In its proposal for a reinforced long-term budget, the European Commission will increase funding for agriculture, rural development and fisheries.
The Commission will increase the Common Agricultural Policy (CAP) by €9 billion (€4 billion for the CAP’s European Agricultural Guarantee Fund and €5 billion for the European Agricultural Fund for Rural Development) and the European Maritime and the Fisheries Fund (EMFF) by €500 million.
An additional €15 billion will be made available for rural development under Next Generation EU to further support rural areas which have a vital role to play in delivering the green transition and meeting the Union’s climate and environmental targets.