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2025/0240(COD)E1st reading – European Parliament

European Fund for economic, social and territorial cohesion, agriculture and rural, fisheries and maritime, prosperity and security 2028–2034

With the European Parliament, which is preparing its first-reading position.

Last active 16 Jun 2026

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What this bill does

In plain terms: what it changes and who it affects.

This proposal creates one EU fund and planning system for major national allocations from 2028 to 2034.

Who it affects

It affects Member States, regions, farmers, fishers, rural and coastal communities, vulnerable households, migrants, small businesses, and people relying on employment, skills, housing, healthcare or social support.

Core of the proposal
  • Groups cohesion, agriculture, fisheries, social climate, security and defence support under National and Regional Partnership Plans.
  • Links EU payments to agreed milestones, targets and outputs rather than reimbursing eligible costs.
  • Creates an EU Facility for transnational projects, technical support, crises and emerging Union priorities.
  • Adds rule-of-law and Charter safeguards, with possible blocking of payments for non-compliance.
Key provisions
Takes effect
It enters into force the day following publication in the Official Journal; financial resources cover 1 January 2028 to 31 December 2034.
Transitional law
Phased operations begun under 2021–2027 rules may continue, with each phase governed by the rules of its funding period.
Articles changed · 2 across 2 laws
  • Regulation (EU) 2023/955 (32023R0955)
    • entire act: amends the Social Climate Fund regulation; specific target articles not shown in supplied text
  • Regulation (EU, Euratom) 2024/2509 (32024R2509)
    • entire act: amends shared management provisions of the Financial Regulation; specific target articles not shown in supplied text

Latest update

15 Jun 2026

The most recent development in this bill's progress.

1st reading – European Parliament → 1st reading – European Parliament

1st reading – European Parliament1st reading – European Parliament

Documents

1 recent

SourcesOEILEUR-LexEU Law Tracker