The funds that will be available to Member States in the 2021-2027 financial period are allocated from two sources. One is the usual one, called the Multiannual Financial Framework (MFF), which is programmed for a seven-year period, while the other is a new source that has proven necessary due to the coronavirus crisis. This source is the Next Generation EU (Next Generation US; NGEU).

The funds allocated from the MFF amount to EUR 1 billion, while EUR 074,3 billion is financed from the NGEU instrument (EUR 750 billion refers to grants while EUR 390 billion refers to loans to member states).

Funds allocated to the Republic of Croatia for the financial period 2021-2027. amount to more than 14 billion euros from the VFO and slightly more than 11 billion euros from the NGEU.

The MFF is the EU's long-term budget, which sets limits for the spending of the EU as a whole and for different areas of activity for a period of seven years.

https://eufondovi.gov.hr/

It represents an investment budget that pools the resources of member states in order to finance activities that member states can more efficiently finance jointly. The EU budget finances a wide range of activities in the interest of all EU citizens, such as in the fields of energy, transport, information and communication technologies, climate change and research, etc.

The budget is divided into "titles" (eng. headings) that correspond to the priorities and areas of action of the EU-

A little over EUR 14 billion is available for the Republic of Croatia under the Multiannual Financial Framework. The allocated funds are distributed among the Cohesion Policy (European Regional Development Fund, European Social Fund+ and Cohesion Fund), the Just Transition Fund (JTF), the European Maritime, Fisheries and Aquaculture Fund (EFPRA), the Asylum, Migration and Integration Fund (AMIF), the Internal Security Fund (ISF), the Instrument for Financial Support for Border Management and Visa Policy (BMVI), the European Agricultural Fund for Rural Development (EAFRD) and the European Agricultural Guarantee Fund (EAGF).

A significant part of the aforementioned funds refers precisely to the funds that will be implemented in accordance with the Regulation on establishing common provisions on the European Regional Development Fund, the European Social Fund Plus, the Cohesion Fund, the Just Transition Fund and the European Maritime, Fisheries and Aquaculture Fund and the financial rules for them and for the Asylum, Migration and Integration Fund, the Internal Security Fund and the Instrument for Financial Support in the Area of ​​Border Management and Visa Policy.

The European Regional Development Fund (ERDF) provides funding for investments in infrastructure; research and innovation, productive investments in SMEs and investments aimed at preserving existing and creating new jobs, equipment, software and intangible assets, as well as networking, cooperation and exchange of experiences.

The Cohesion Fund (CF) supports investments in the field of transport and the environment, with a special emphasis on renewable energy and investments in TEN-T.

The European Social Fund Plus (ESF+) supports greater access to employment, modernisation of labour market institutions and services, promotion of gender-balanced participation in the labour market, promotion of the adaptation of workers, enterprises and entrepreneurs to change, higher quality, inclusiveness and effectiveness of education and training systems and their relevance to the labour market, promotion of equal access to quality and inclusive education and training with a focus on disadvantaged groups, promotion of lifelong learning.

From the Just Transition Fund (FPT), measures are specifically aimed at productive investments in SMEs, investments in research and innovation activities, and encouraging the transfer of advanced technologies; investments in the introduction of technology and infrastructure for clean energy at an affordable price and reduction of greenhouse gas emissions; investments in digitization; investments in the improvement of the circular economy and investments in retraining and retraining of workers.

The Ministry of Regional Development and Funds of the European Union, in cooperation with the European Commission, is the competent authority for the preparation of strategic program documents at the national level for the financial period 2021-2027. and for programming a new generation of program documents, and accordingly preparing an institutional framework for their creation process.