The ESF+ will also be one of the cornerstones of EU socio-economic recovery from the coronavirus pandemic. The pandemic has reversed gains in labour participation, challenged educational and health systems and increased inequalities. The ESF+ will be one of the key EU instrument helping Member States to address these challenges. As part of cohesion policy, the ESF+ will also continue its mission to support economic, territorial and social cohesion in the EU – reducing disparities between Member States and regions.
The ESF+ brings together four funding instruments that were separate in the programming period 2014-20: the European Social Fund (ESF), the Fund for European Aid to the most Deprived (FEAD) the Youth Employment Initiative and the European Programme for Employment and Social Innovation (EaSI).
Support under the ESF+ is mainly managed by Member States, with the Commission playing a supervisory role. Funding therefore takes place through:
- The shared management strand - implemented by Member States in partnership with the Commission. These resources have a budget of roughly EUR 98.5 billion for the programming period 2021-27
- The Employment and Social Innovation (EaSI) Strand - implemented by the Commission with a budget of close to € 762 million for 2021-2027.
The ESF+ will support EU policy implementation and national structural reforms in these fields, thus contributing to Member States’ efforts to reduce unemployment, advance quality and equal opportunities in education and training and improve social inclusion and integration.
ESF+ funding will therefore be vital to ensure Europe’s fair and inclusive recovery, and will focus on the following objectives:
Social Inclusion (Active inclusion, Socio-economic integration of third-country nationals, Socio-economic integration of marginalised communities, such as Roma people, Equal access to quality services and modernising social protection systems, Social integration of people at risk of poverty and social exclusion, and Addressing material deprivation).
Education and Skills: Better education and training systems at all levels, Equal access to quality education and training, and Upskilling, reskilling and lifelong learning for all.
Employment: Access to quality employment for all, including youth employment, Modernising labour market institutions and services, Gender-balanced labour market participation, and Adaptation of workers, enterprises and entrepreneurs to change.