European Funds with Meaning - Dictionary of Funds

Cohesion Fund: The “Cohesion Fund” (CF) was created to strengthen the economic, social, and territorial cohesion of the European Union, providing financial contributions in the fields of the environment and trans-European transport infrastructure networks (TEN-T).

European Regional Development Fund: A fundamental financial instrument of the European Union's cohesion policy aimed at reducing imbalances between European regions and improving the quality of life in less favoured regions.

Just Transition Fund: The JTF is an essential instrument to support regions in the transition to a climate-neutral economy by 2050. Focused on areas most dependent on fossil fuels and carbon-intensive industrial processes, the fund aims to mitigate the impact of the transition, promoting the diversification and modernisation of the local economy and the reskilling of workers.

Project Merit: Careful evaluation of proposals submitted to an incentive system, considering the suitability, quality, and impact of the project, scored from 1 to 5. The higher the merit, the more robust the project.

De Minimis: State aid granted to companies with smaller projects that do not significantly affect trade and competition between Member States. The maximum aid limit is €300,000 over three years.

REITD: Specific Regulation of the Innovation and Digital Transition Programme, which defines the rules and criteria for incentive and support systems in the area of innovation and digital transition.

GBER: General Block Exemption Regulation, which allows Member States to grant aid to certain companies without prior notification to Brussels.

RIS3: Research and Innovation Strategies for Smart Specialisation, which aim to promote areas of specialisation in a region or country, boosting innovation and sustainable growth.