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aria-current="page"><span>More than €1 billion for Cyprus for economic and social development and a fair green transition in 2021-2027</span></li></ol></nav><div class="ecl-page-header__meta"><span class="ecl-page-header__meta-item">News</span><span class="ecl-page-header__meta-item">2022-07-08</span></div><div class="ecl-page-header__title-container"><h1 class="ecl-page-header__title"><span>More than €1 billion for Cyprus for economic and social development and a fair green transition in 2021-2027</span></h1></div></div></div> </div> <main class="ecl-u-pb-xl" id="main-content"> <div class="ecl-container"> <div class="ecl-row"> <div class="ecl-col-l-9"> <div> <div class="ecl-container"> <div data-drupal-messages-fallback class="hidden"></div> </div> <div class="ecl-u-mb-l" id="block-esfplus-main-page-content"> <article> <div> <div><div class="ecl-u-mb-xl"> <div class="ecl-media-container"><figure class="ecl-media-container__figure"><picture class="ecl-picture ecl-media-container__picture"><img class="ecl-media-container__media" src="https://european-social-fund-plus.ec.europa.eu/sites/default/files/2022-07/lazaros2_0.jpg" alt="The Agios Lazaros at night" /></picture><figcaption class="ecl-media-container__caption">(c) 2022 Shutterstock</figcaption></figure></div></div> </div> <div class="ecl-u-mb-2xl"> <div class="ecl"><p>Following today's adoption of the <a href="https://ec.europa.eu/info/publications/partnership-agreements-eu-funds-2021-2027_en">Partnership Agreement</a> with Cyprus, the EU will invest a total of more than €1 billion in the country between 2021 and 2027. The Partnership Agreement lays down Cyprus' investment strategy for its economic, social and territorial cohesion, the green and digital transition and the development of a competitive, socially inclusive and sustainable growth model. </p> <p>Along with the Partnership Agreement, Cyprus is the first country to have its Cohesion Policy operational programme approved for the <a href="https://ec.europa.eu/regional_policy/en/funding/erdf/">European Regional and Development Fund</a> (ERDF) the <a href="https://ec.europa.eu/regional_policy/en/funding/cohesion-fund/">Cohesion Fund</a>, the <a href="https://ec.europa.eu/info/strategy/priorities-2019-2024/european-green-deal/finance-and-green-deal/just-transition-mechanism/just-transition-funding-sources_en">Just Transition Fund</a> (JTF) and the <a href="https://ec.europa.eu/european-social-fund-plus/en">European Social Fund Plus</a> (ESF+).</p> <h3><strong>A green and digital economy</strong></h3> <p>Over €387 million from the ERDF will go to the green transition via investments in energy efficiency, renewables and the reduction of carbon emissions in line with the <a href="https://ec.europa.eu/info/strategy/priorities-2019-2024/european-green-deal_en">European Green Deal</a>.</p> <p>Important investments will focus on the development of the circular and sustainable economy, the preservation of the local biodiversity and on the adaptation to climate change and related events like floods and wildfires.</p> <p>Cyprus will also devote €147 million to enhance the competitiveness and develop the digitalisation of its small and medium-sized businesses and to connect national research and innovation systems with business. Through these investments, the country aims to create over 2485 new jobs, including 885 in research and 133,000 new users of public digital services.</p> <h3><strong>Socially inclusive economic development</strong></h3> <p>The ESF+ will invest €222 million in labour market policies and skills development and strengthen social cohesion in the country.</p> <p>Investments will target far-reaching reforms and actions aimed at reinforcing youth support, improving the labour market relevance of education and training, restructuring social welfare services and combatting social exclusion with a significant budget allocation of €87 million for the latter. This will contribute to achieve Cyprus's 2030 targets under the <a href="https://ec.europa.eu/info/strategy/priorities-2019-2024/economy-works-people/jobs-growth-and-investment/european-pillar-social-rights_en">European Pillar of Social Rights</a>, namely, to increase participation in employment (from 74.9% to 80%) and in annual adult learning (from 44.8% to 61%) and to curb poverty (10 000 fewer people).</p> <p>Key initiatives will support the youth employability, the modernisation of public employment services and the development of technical vocational education and training. For example, support to young people will be extended through the ALMA innovative initiative (<a href="https://ec.europa.eu/social/main.jsp?catId=1549&langId=en">Aim Learn Master Achieve</a>) and the individual learning accounts for young NEETs with a budget allocation of €5 million.</p> <p>These measures will target 3440 people looking for employment while 1000 people will complete training classes. In addition, almost 40 schools will benefit from education and integration actions. For the most vulnerable, food aid will be given to 144,000 children in need.</p> <h3><strong>Members of the College said:</strong></h3> <p>Commissioner for Cohesion and Reforms, Elisa <strong>Ferreira</strong>, said: <em>“The Cohesion Policy investments will strengthen the economy of Cyprus and enhance competitiveness and diversification of the local business activities with a particular focus in addressing social and environmental challenges. Cohesion Policy funding will improve the quality of life of the citizens of Cyprus.”</em></p> <p>Commissioner for Jobs and Social Rights, Nicolas <strong>Schmit</strong>, added: <em>“It is encouraging that the European Social Fund Plus in Cyprus will provide educational support and training to young people and disadvantaged groups to help them enter the labour market. It will also invest funds into skills development of the people and tackling social exclusion and poverty. This funding makes a crucial contribution towards improving the living and working conditions of the people in line with the European Pillar of Social Rights.”</em></p> <h3><strong>Background </strong></h3> <p>The Partnership Agreement covers the Cohesion Policy funds (ERDF; ESF+, the Cohesion Fund) including the JTF and the EMFAF.</p> <p>The Partnership Agreement paves the way for the implementation of these investments on the ground. It covers 2 programmes (Cohesion Policy operational programme ‘Thalia 2021-27' adopted today and the EMFAF programme) and 4 <a href="https://interreg.eu/">INTERREG programmes</a> (concerning cross-border cooperation). It also establishes the eligibility and implementation of the Just Transition Fund in the areas most negatively impacted by the climate transition.</p> <p>Moreover, the Partnership Agreement reflects Cyprus's strong commitment to the coordinated use of the Cohesion Policy funds with the <a href="https://ec.europa.eu/info/business-economy-euro/recovery-coronavirus/recovery-and-resilience-facility_en">Recovery and Resilience Facility</a>.</p> <p>Under Cohesion policy, and in cooperation with the Commission, each Member State prepares a Partnership Agreement, a strategic document for programming investments from the Cohesion Policy funds and the EMFAF during the Multiannual Financial Framework. It focuses on EU priorities, laying down the strategy and investment priorities identified by the Member State, and it presents a list of national and regional programmes for implementation on the ground, including the indicative annual financial allocation for each programme.</p> <p>The Partnership Agreement with Cyprus is the 13th to be adopted following those of  <a href="https://ec.europa.eu/commission/presscorner/detail/en/ip_21_3907">Greece</a>, <a href="https://ec.europa.eu/commission/presscorner/detail/en/IP_22_2442">Germany</a>, <a href="https://ec.europa.eu/commission/presscorner/detail/en/IP_22_2726">Austria</a>, <a href="https://ec.europa.eu/commission/presscorner/detail/en/IP_22_3209">Czechia</a>, <a href="https://ec.europa.eu/info/publications/partnership-agreement-lithuania-2021-2027_en">Lithuania</a>, <a href="https://ec.europa.eu/commission/presscorner/detail/en/ip_22_2886">Finland</a>, <a href="https://ec.europa.eu/info/publications/partnership-agreement-denmark-2021-2027_en">Denmark</a>, <a href="https://ec.europa.eu/commission/presscorner/detail/en/IP_22_3368">France</a>, <a href="https://ec.europa.eu/commission/presscorner/detail/en/ip_22_3728">Sweden</a>, <a href="https://ec.europa.eu/commission/presscorner/detail/en/IP_22_3919">the Netherlands</a>, <a href="https://ec.europa.eu/commission/presscorner/detail/en/ip_22_4223">Poland</a> and <a href="https://ec.europa.eu/commission/presscorner/detail/en/ip_22_4267">Bulgaria</a>.</p></div> </div> <div id="related-links"> <h2 class="ecl-u-type-heading-2 ecl-u-type-color-black ecl-u-mt-xl ecl-u-mb-none">Related links</h2> <div class="ecl-u-mt-m"><div class="ecl-u-mb-m"><a href="https://ec.europa.eu/info/strategy/eu-budget/long-term-eu-budget/eu-budget-2021-2027_en">2021-2027 long-term EU budget & NextGenerationEU</a></div><div class="ecl-u-mb-m"><a href="https://ec.europa.eu/commission/presscorner/detail/en/qanda_21_3059">Questions and Answers on the EU Cohesion policy legislative package 2021-2027</a></div><div class="ecl-u-mb-m"><a href="https://ec.europa.eu/info/sites/default/files/about_the_european_commission/eu_budget/1_table_breakdown_of_cohesion_policy_current_prices.pdf">Breakdown of Cohesion policy allocations per Member State</a></div><div class="ecl-u-mb-m"><a href="https://ec.europa.eu/info/publications/partnership-agreements-eu-funds-2021-2027_en">2021-2027 Partnership Agreements</a></div><div class="ecl-u-mb-m"><a href="https://cohesiondata.ec.europa.eu/">Cohesion Open Data Platform</a></div><div><a href="https://kohesio.ec.europa.eu/">Kohesio</a></div></div> </div> </div> </article> </div> <div id="block-social-share"> <div class="ecl-social-media-share"> <p class="ecl-social-media-share__description"> Share this page </p> <script type="application/json">{"service":"share","version":"2.0","networks":["twitter","facebook","linkedin","email","more"],"display":"button","stats":true,"selection":true}</script> </div> </div> </div> </div> </div> </div> </main> <div class="ecl-u-mb-xl"> <div class="views-element-container block block-views block-views-blocklatest-content-block-latest-news ecl-u-bg-blue-5 ecl-u-pv-m" id="block-views-block-latest-content-block-latest-news"> <div class="ecl-container"> <h2 class="ecl-u-type-heading-2">Latest news & videos</h2> <div><div class="js-view-dom-id-46b07987eccdb0f3fa498704a7855c847cd7a31cca0923b75e7e61d32adf33f6"> <div class="ecl-row"> <div class="ecl-col-m-4 ecl-u-mv-xs"> <article class="ecl-card"><picture class="ecl-picture ecl-card__picture" aria-label="The official illustration of the 2025 REGIOSTARS awards."><img class="ecl-card__image" src="/sites/default/files/styles/oe_theme_ratio_3_2_medium/public/2025-02/regiostarts_2025_landscape.png?itok=G7W1ZiMP" alt="The official illustration of the 2025 REGIOSTARS awards." /></picture><div class="ecl-card__body"><div class="ecl-content-block ecl-card__content-block" data-ecl-auto-init="ContentBlock" data-ecl-content-block ><ul class="ecl-content-block__primary-meta-container"><li class="ecl-content-block__primary-meta-item">NEWS</li><li class="ecl-content-block__primary-meta-item"><span><time datetime="2025-02-12T16:22:10+01:00" title="Wednesday, February 12, 2025 - 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