8 billion euros unused
Despite a new regulation since 2009, that gives each country the possibility to invest up to 4% of its ERDF budget in energy-efficient renovations for residential buildings. The main problem is that some Member States are neither capable of using the money properly nor of co-financing it while managing authorities are not willing or capable to change the operational programmes in the midterm.
Do you speak EU?
What is an operational programme?
An Operational Programme (OP) sets out a region’s priorities for delivering the funds. Although there is scope for regional flexibility, a region’s priorities must be consistent with the member state’s National Strategic Reference Framework - NSRF. There is an Operational Programme for each region in the EU. These OPs, just like the NSRF, have to be approved by the European Commission before any implementation.
Let us recall that the EU structural funding period is 6-year long - current period : 2007-2013.
Read our latest article about the EU Structural and Cohesion Funds.
© image Bart Coenders
© image Effilogis
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