EU Funding for 2014-2020 - Upcoming Opportunities and Challenges

AuthorGabriela Marchis
PositionAssociate Professor, PhD, 'Danubius' University of Galati
European Integration - Realities and Perspectives 2014
EU Funding for 2014-2020 Upcoming Opportunities and Challenges
Gabriela Marchis
Abstract: The new philosophy of community development under the aegis o f Europe 2020 strategy requires
increased coordination and better interconnection between European financial instruments available for
2014-2020 programming period. The desire of th e EU to be cohesive and unitary face a large spectrum of
complex and cor related challenges such as: globalization; climate change; technological transformation;
aging and demographic change and etcetera. These challenges together with the polyvalence of the integration
process (deepening - widening - enlargement) determines the orientation of European Structural and
Investment funds to integrated, multi-sectorial a nd multi-dimensional solutions. In this context, in order to
increase the effectiveness and efficiency of European policies, the review, management an d optimization of
the European budget is crucial. This paper attempts to demonstrate the appropria teness structure of the EU
budget and the extent to which this budget is a supporter and a guarantor of economic development of the EU
as a whole, and of each individual Member State . This research examines how the EU budget manages to
counter the financial crisis and analyses the aspects that can be improved and the prospects for the next
Keywords: EU budget review; economic growth; ESI funds; Europe 2020; multiannual financial framework
JEL Classification: F36; O52; F63; O40; E61
1. Introduction
The upcoming programming period 2014-2020 brings a lot of novelty in the EU funding jungle, and
being acquainted with the key rules of the game, will enable the achievement of socio-economic
development, contributing in this way to the increase of convergence among Member States. This
paper is organized in 3 main directions, as follows: EU strategy for smart, sustaina ble and inclusive
growth Europe 2020; Multiannual Fina ncial Fra mework for 2014-2020 and Eur opean
Structural a nd Investment funds.
This practical research paper shows the harmonized pattern of upcoming funding, being addressed to
all levels of public administrations in charge of or involved in the design, development and
implementation of projects, subject to compliance with European funds. Also, it will be of particular
interest to NGOs, associations, university departments and consultants that are planning to apply for
EU calls for proposal.
2. EU Strategy for Smart, Sustainable and Inclusive Growth Europe 2020
Europe 2020 is the European Union‟s 10-year growth strategy. The main objectives of this Strategy
refer to: employment (ensuring 75% of the 20-64 year-olds to be employed); R&D (getting 3%
of the EU‟s GDP to be invested in R&D); climate change and energy sustainability (limiting
1Associate P rofessor, PhD, “Danubius” University of Galati, Address: 3 Galati Boulevard, 800654 Galati, Romania, Tel.:
+40.372.361.102, Fax: +40.372.361.290, Corresponding

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