The Structural Funds and the Cohesion Fund are financial tools set up to implement the regional policy of the European Union. They aim to reduce regional disparities in income, wealth and opportunities. Europe's poorer regions receive most of the support, but all European regions are eligible for funding under the policy's various funds and programmes. 

Image Source: European Commission

The EU External Investment Plan (EIP) will leverage up to EUR 44 bn in private investments across Africa and the EU Neighbourhood until 2020. The key financial instrument of the EIP is the European Fund for Strategic Investment (EFSD) – an EU guarantee worth EUR 4.1 bn designed to back up risky investments that otherwise will not happen.

At the end of October, the European Commission published the final Work Programmes for Horizon 2020, covering the budgetary years 2018, 2019 and 2020 and representing an investment of around €30 billion.

Current and future initiatives supporting the development of sustainable energy in third countries through EU external aid funding instruments were presented in Brussels on 21 November in the context of a Sector Seminar organized by the Czech Permanent Representation to the EU and CEBRE, the Czech Business Representation to the EU. The event gathered over 100 companies from 14 different Member States as well as representatives from the EU Commission, the EIB, AFD, the Electrifi imitative and the Africa-EU Renewable Energy Cooperation Programme.