Today, the European Commission published its 2023 Summary Report on the Implementation of the European Structural and Investment Funds (ESI Funds), showcasing some of the overarching achievements of the ESI funds as things stood at the end of 2022. These funds are the main financial instruments of Cohesion Policy, supporting regional development investments from the 2014 – 2020 programming period.

The Report shows the wide range of support available through the different programmes for the 2014 – 2020 period, and their direct and positive impact on regions, businesses, and first and foremost, people, who are at the heart of the ESI funds. It also shows the flexibility and adaptability of the framework, to provide solutions to the effects of the COVID-19 pandemic, Russia's war of aggression against Ukraine, and the ensuing energy crisis.

While focusing on long-term convergence and competitiveness, solidarity was always at the heart of the ESI Funds. They helped Member States care for refugees and overcome the effects of unprecedented natural climate disasters, ultimately alleviating the pressure on national budgets.