The CPMR has published new analysis which looks at the territorial dimension of the European Fund for StrategIc Investments (EFSI).
Five maps have been developed to compare the distribution of the EFSI and Cohesion Policy funds (ESI funds), geographically and sectorally, based on the public list of EFSI projects financed so far.
Member States benefiting the most from the distribution of the EFSI in terms of Euro per capita are Finland, Lithuania, Slovakia and Luxembourg. The key learning point from this is that that there is no distribution logic (in terms of geography or type of sector supported) to the EFSI. This contrasts with ESI funds distribution which follows the objective of Cohesion Policy to address regional disparities.
Several recommendations can be drawn to re-connect the EFSI with the EU objective of “territorial cohesion”. Its additionality, European added value and contribution to job creation and economic growth should be ensured given that many of the sectors supported by the EFSI and ESI funds intertwine.
Therefore, the European Commission needs to establish clear boundaries between the EFSI and Cohesion Policy in the future. Moreover, specific measures should be introduced to enable less developed regions and specific territories (such as islands and outermost regions) to access EFSI financing better.
Many of these recommendations are echoed in the CPMR’s forthcoming Position Paper on the future of Cohesion Policy, to be adopted on 22 June at its next meeting of the Political Bureau.