On Wednesday 25 March, the European Commission presented the reallocation of Cohesion policy funds for the period 2021–2027, following the regulatory review (see EUROPE B13712A5). €34.6 billion is being reallocated to meet five urgent strategic priorities: competitiveness; defence; affordable housing; water management; energy infrastructure.
“Continuing to invest according to priorities set in 2019 and 2020 was no longer possible. The world has changed and it continues to change. New...