The Partnership Agreement (PA) provides the strategic direction for several funds under Cohesion Policy and in particular lays the ground for investments under several programmes, namely the European Regional Development Fund, the Cohesion Fund and the Just Transition Fund Programme, the European Social Fund Plus Programme and the European Maritime, Fisheries and Aquaculture Fund Programme for the 2021-2027 period.
The PA defines the policy choices for the programmes mentioned above and sets out how these choices will contribute towards the achievement of the country’s socio-economic goals as outlined in relevant national policy documents and strategies. The PA covers a total budget (EU + MT contribution) of around €1.2 Billion that will be implemented through the cohesion programmes in order to address the following objectives:
The PA lays out complementarities and delineations between several EU funds and other initiatives. The document also outlines the complementarities and synergies with other EU instruments including the Recovery and Resilience Facility, Invest EU, ERASMUS and Horizon, amongst others. Such coordination between instruments is critical for Member States to maximise the use of EU funding sources and to ensure coherence between different EU funded initiatives.
Through the PA, it is being envisaged that a total of €14.5 million is transferred from ERDF to Horizon Europe (€5 million) and Invest EU (€9.5 million) to focus on strengthening research and innovation (R&I) and competitiveness.
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