On Friday 21 October the European Commission approved Latvia’s Partnership Agreement under the Cohesion Policy 2021-2027. The objective of the €4.6 billion of funding is to support the green and digital transitions while boosting innovation in the economy, healthcare and social services.
To support the ecological transition, Latvia will benefit from €839 million from the ERDF and the Cohesion Fund to invest in renewable energy and increase its energy independence.
€1.2 billion will be used to support sustainable urban mobility, improve road safety and modernise railways.
In addition, €823 million will be dedicated to research, innovation and the digitalisation of SMEs.
Moreover, €135 million from the EMFAF will be devoted to improving the environmental, economic and social sustainability of the fisheries sector.
€192 million from the Just Transition Fund (JTF) will support efforts to move away from the use of peat for energy and restore extraction sites, while ensuring a just green transition.
In terms of social issues, Latvia will receive €1.2 billion from the European Social Fund Plus (ESF+) and the ERDF. Investments will be aimed at improving access to social services and health care, investing in training for young people and older people, and working to integrate those most at risk of poverty.
This is the 23rd partnership agreement adopted for the 2021-2027 programming period.
Only the Belgian, Spanish, Hungarian and Luxembourg agreements remain to be approved by the Commission. (Original version in French by Hélène Seynaeve)