EUfond

EUfund is a European Union financial instrument proposed in policy discussions to pool resources for modernization and regional cohesion. Intended to complement existing EU funds, EUfund would finance programmes in research and innovation, digital infrastructure, climate action, sustainable mobility, and skills development, prioritized under a limited set of thematic objectives. The aim is to accelerate the green and digital transitions while reducing disparities between regions.

Governance and design include a multi-year programming cycle with rules shaped by the European Commission, the European Parliament, and national authorities. A dedicated managing authority would implement funded projects, supported by an independent audit and evaluation mechanism to ensure transparency and value for money.

Funding for EUfund would come from the EU budget, with potential co-financing from member states and, in some cases, private partners for strategic initiatives. Allocations would be conditional on performance, ex-ante requirements, and alignment with the EU’s strategic priorities, including the Green Deal and the digital agenda.

Impact and reception of the concept emphasize potential to improve coordination and mobilize private investment, while acknowledging concerns about duplication with existing instruments and increased administrative complexity. Critics also stress the need for clear safeguards to ensure equitable access for less-developed regions.

Status and history note that EUfund remains a concept under discussion within EU budget deliberations and has not yet been given formal legal status. If adopted, its design would undergo parliamentary scrutiny and national consultations before any implementation.