Article published in Voice of the Workers Weekly – 24.06.2021
On June 8, the European Parliament and the EU Council gave the final approval for the European Social Fund Plus (ESF+) Regulation, worth €99.3 billion for the period 2021-2027.
The ESF+ is one of the main funding instruments to invest in people and to help Member States achieve the targets set out in the European Pillar of Social Rights Action Plan. Over the years, the ESF has proved to be a crucial tool to promote employment, education and inclusion. Since 2014, the ESF has supported over 33.4 million people across the EU.
Under the new ESF+, all EU countries will invest at least 25% of their ESF+ resources in social inclusion and at least 3% to address material deprivation. EU countries above the EU average rate (2017-2019) of young people not in employment, education or training should devote at least 12.5% of their ESF+ resources to support youth employment.
Countries where children’s risk of poverty or social exclusion is above the EU average (2017-2019) should use at least 5% of their ESF+ resources to tackle this issue. All other EU countries must programme an appropriate amount to support youth employment and tackle child poverty. This will also help to implement the reinforced Youth Guarantee and the Child Guarantee.« Back