The European Parliament approved this week the new European Social Fund+ (ESF+)

June 10, 2021

Hat: The new Social Funds will have a budget of 88 billion euros and will integrate the former European Social Fund, the Youth Employment Initiative (YEI), the Fund for European Aid to the most Deprived (FEAD) and the EU programme for Employment and Social Innovation (EaSI) into one fund.

Amorce:

The new Social Funds will have a budget of 88 billion euros and will integrate the former European Social Fund, the Youth Employment Initiative (YEI), the Fund for European Aid to the most Deprived (FEAD) and the EU programme for Employment and Social Innovation (EaSI) into one fund.

Text:

On Tuesday, Parliament gave its final green light to the EU’s main instrument for investing in people and tackling inequalities for the next seven years. The European Social Fund+, with a total budget of €88 billion, will play an important role in the implementation of the action plan on the European Pillar of Social Rights and in countering the socio-economic effects of the pandemic.

During the negotiations, Parliament secured more ambitious funding for investing in youth employment and combating child poverty, addressing two groups of people that have been particularly hard hit by the crisis.

Following Parliament’s approval, the regulation will enter into force on the twentieth day following its publication in the Official Journal. The Employment and Social Innovation strand will apply retroactively.

Url description: Press room - European Parliament

Url: https://www.europarl.europa.eu/news/en/press-room/20210604IPR05527/meps-approve-new-social-fund-to-support-young-people-and-the-most-deprived

Url info description: European Parliament legislative resolution of 8 June 2021 on the Council position at first reading with a view to the adoption of a regulation of the European Parliament and of the Council establishing the European Social Fund Plus (ESF+) and repealing Regulation (EU) No 1296/2013 (06980/2/2021 – C9-0195/2021 – 2018/0206(COD))

Url info: https://www.europarl.europa.eu/doceo/document/TA-9-2021-0272_EN.pdf