About EU funds

European Union (EU) provides funding for a range of projects and programmes. Cohesion Fund, European Social Fund Plus, European Regional Development Fund, Just Transition Fund, Recovery Fund, as well as EEA and Norwegian grants and the Swiss-Latvian cooperation program are available in Latvia.

The main objective of EU fund financing is to improve the competitiveness of European regions and cities, promoting growth and creating new jobs.

The agreement reached at the EU leaders' meeting in July 2020 indicates that a total of approximately €10.5 billion euros will be available for Latvia's economic development over the next seven years.