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Adopted rules for European Fund for Regional Development and Cohesion Fund 2021-27 broadly in line with European Committee of the Regions proposals

A stronger focus on sustainable urban development and, at the same time, more attention to urban-rural gaps; regional thresholds to concentrate funds on key priorities instead of thematic concentration at national level; wider flexibility of EU fiscal rules to allow for increasing investment for growth; and a better coordination with other EU policies and investment tools: this is the European Parliament's position on the rules for the European Fund for Regional Development (ERDF) and the Cohesion Fund 2021-2027 and it is fully in line with proposals adopted by the European Committee of the Regions last December.

The European Committee of the Regions welcomes the vote of the 27 March European Parliament plenary session on the ERDF and CF regulation. These funds together represent the most powerful investment tools in the EU budget. The fruitful dialogue and cooperation between the CoR rapporteur, Michiel Rijsberman (NL/ALDE), and the EP rapporteur and REGI vice-president, Andrea Cozzolino, has led to a strong convergence between EU regions' and cities' priorities and the final EP position.