Estonia will receive 3.5 billion euros of Cohesion Policy funding to support economic, social and territorial cohesion in 2021-2027 in the framework of the Partnership Agreement between the European Commission and Estonia, adopted this week.
This Agreement will support the implementation of key EU priorities such as the green and digital transition and contribute to competitive, innovative and export-oriented growth.
“Following today’s adoption of the Partnership Agreement, Estonia will be supported to further develop its economy, the green and fair transition, innovation in small and medium businesses and its transport sector. Estonia has a far-reaching smart, green and digital future ahead,” said Commissioner for Cohesion and Reforms, Elisa Ferreira.
781 million euros from the European Regional Development Fund (ERDF) and the Cohesion Fund will support the circular economy in businesses, ensuring less waste and more resource efficiency. The funds will also promote energy efficiency, renewable energy, and an increased use of recycled materials.
Estonia will receive 354 million from the Just Transition Fund (JTF) to help the country’s transition to a greener and more competitive industry while maintaining employment and upskilling workers in the Ida-Viru county.
Up to 521 million euros from the Cohesion Fund will promote the shift from road to rail transport for both passengers and freight. This will help reducing commuting times and CO2 emissions. Investments will also be made to complete the road network, necessary for the Core TEN-T, which should be ready by 2030.
Estonia also secured 97.4 million euros from the European Maritime Fisheries and Aquaculture Fund (EMFAF) for the sustainable development and economic diversification of the coastal fishing and aquaculture communities, consistently with the objectives of the European Green Deal.
