Council conclusions 2014-2020: €19,6 billion Structural and Cohesion Funds for Portugal

At the February European Council the EU Heads of State and Government reached political agreement on the future EU budget and will enter into negotiations with the European Parliament. According to the information available on the Portuguese EU funds portal (www.qren.pt) the Council agreed to award Portugal a total of €27,8 billion for 2014-2020, of which €19,6 billion in Structural and Cohesion Funds and €8,1 billion for  the Common Agricultural Policy (€3,6 billion for rural development and €4,5 billion for direct payments. The Cohesion Policy amount also includes €1 billion under a special allocation provision to address the significant impact of the crisis in Portugal. The amount will be distributed as follows: €450 million for the more developed regions of which €150 million for Madeira, €75 million for transition regions and  €475 for the less developed regions.

Full press release available here.

More on  the future Cohesion Policy in Portugal

Council Conclusions

Note: The amounts allocated to all Member States including Portugal are subject to negotiation with the European Parliament.