Regulation (EU) 2020/1041

What it is

to adapt the amount of resources available for economic, social and territorial cohesion as regards the resources allocated to the specific allocation for the Youth Employment Initiative (YEI). PROPOSED ACT: Regulation of the European Parliament and of the Council. ROLE OF THE EUROPEAN PARLIAMENT: the European Parliament decides in accordance with the ordinary legislative procedure on an equal footing with the Council. BACKGROUND: Regulation (EU) No 1303/2013 of the European Parliament and of the Council lays down common rules and general rules applicable to the European Structural and Investment Funds. The Committee on Regional Development adopted the report by Younous OMARJEE (GUE/NGL, FR) on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 1303/2013 as regards the resources for the specific allocation for the Youth Employment Initiative (YEI). The committee responsible recommended that the European Parliament adopt its position at first reading in accordance with the ordinary legislative procedure, taking over the Commission proposal. The aim of the proposal is to amend the Regulation on common provisions for the financing of the Youth Employment Initiative (YEI) in 2020. It follows the decision taken by the budgetary authorities, in the framework of the annual negotiations for 2020, to increase the specific allocation for the YEI for 2020 by EUR 28 333 334 in current prices, bringing the total amount for 2020 to EUR 145 million. The Commission further proposes that the provisions introduced in 2019 to facilitate the programming of additional resources for the YEI by allowing the transfer of up to 50% of additional resources to the European Social Fund should also apply in 2020. It is recalled that the YEI supports young people who are not in education, employment or training (NEETs), including the long-term unemployed and those not registered as job-seekers. It ensures that, in those parts of Europe facing the greatest challenges, young people can receive targeted support. The YEI is part of the Youth Guarantee, which is a scheme whereby Member States implement measures to ensure that young people up to the age of 25 receive a good quality offer of employment, continued education, an apprenticeship or a traineeship within four months of leaving school or becoming unemployed. The European Parliament adopted by 650 votes to 19, with 26 abstentions, a legislative resolution on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 1303/2013 as regards the resources for the specific allocation for the Youth Employment Initiative. Parliament adopted its position at first reading in accordance with the ordinary legislative procedure, taking over the Commission proposal. The proposal aims to amend the regulation laying down common provisions applicable to the Structural and Investment Funds as regards the financing of the Youth Employment Initiative (YEI) in 2020. It follows the decision taken by the budgetary authorities to increase the commitment appropriations for the specific allocation for the YEI for 2020 by EUR 28 333 334 in…

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