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.