Europacable welcomes new EU’s budget proposal for 2021-2027

Europacable welcomes the increased financial envelope for the Connecting Europe Facility (CEF) programme within the framework of the new EU's long-term budget proposal for 2021-2027. The new CEF represents a key tool to truly connect Europe, both in terms of creating the power and telecommunication networks the Union needs to remain competitive at a global level.

The European Commission unveiled on Wednesday 2 May its long-term budget proposal for the period 2021-2027 also known as Multiannual Financial Framework (MFF). The new MFF includes a reformed Connecting Europe Facility (CEF) which would allow the Union to continue to invest in trans-European energy, digital and transport networks. The new programme is expected to exploit the synergies between energy, digital and transport infrastructures. CEF and the European Structural and Investment Funds would also complement each other to deliver on infrastructure investment. 

Specifically, the new MFF proposal foresees:

  • CEF Energy would be allocated €8.650 bn (€5.850 bn under the current programme which runs until 2020); and

  • CEF Digital would be funded with €3.000 bn. This would represent a considerable increase compared to the currently allocated €1.04 bn.

Europacable welcomes the European Commission’s decision to increase the financial envelope of the CEF programme which remain a key tool to truly connect Europe, both in terms of creating the power and telecommunication networks the Union needs to remain competitive. 

 A detailed CEF programme proposal will be unveiled on June 6.

The final decision on the future of the MFF which foresees commitments for €1,279 bn in current prices (and equivalent to 1.11% of the EU27’s gross national income) is now in the hands of the Council, where EU Member States would have to act by unanimity, with the consent of the European Parliament. The Commission expects a final agreement to reached before the May 2019 European Parliament elections.

Europacable will continue to monitor this process and support the European Commission’s proposal for an increased CEF budget which is vital for better connecting Europe and boosting its competitiveness.

For more information on the new MFF, please click here.