Atlantic Corridor

European Comission and EU Funding

The EU provides funding for a broad range of projects and programs that are managed at two levels:

a) A significant part of EU budget is managed in partnership with national and regional authorities through a system of "shared management", largely through 5 big funds - the Structural & Investment Funds. Collectively, these help to implement the Europe 2020 strategy.

b) Other funds are managed directly by the EU. These are provided in the form of Grants for specific projects in relation to EU policies, usually following a public announcement known as a 'call for proposals'. Part of the funding comes from the EU, part from other sources.

At EU level, two sets of funding instruments make financial support available to projects implementing the TEN-T:

1.The Connecting Europe Facility (2014-2020), which replaces Trans-European Transport Network Program (2007-2013).

2.The Cohesion Fund and the European Regional Development Fund.

These funding instruments have a timespan of seven years, to coordinate with the spending program of the EU budget, whose current EU multiannual financial framework runs from 2014 to 2020.


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