{"id":2950,"date":"2020-01-23T11:32:48","date_gmt":"2020-01-23T11:32:48","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=2950"},"modified":"2020-01-27T11:00:26","modified_gmt":"2020-01-27T11:00:26","slug":"common-agricultural-policy-allocated-e365bn","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/common-agricultural-policy-allocated-e365bn\/2950\/","title":{"rendered":"Common Agricultural Policy allocated \u20ac365bn"},"content":{"rendered":"

The European Commission intends to streamline and modernise the EU Common Agricultural Policy (CAP) in its 2021-27 budget.<\/h2>\n

The European Commission<\/a> have announced their desire to modernise the EU Common Agricultural Policy (CAP) with a stronger focus on innovation.<\/p>\n

The CAP has been allocated \u20ac365bn 2021 to 2027. This funding makes up for a total of 32% of the EU\u2019s total budget for the period. Of this funding, \u20ac10bn will be made available through the EU\u2019s Horizon Europe<\/a> research funding mechanism to support research and innovation across the agricultural sector.<\/p>\n

These new proposals are intended to \u2018future-proof\u2019 the industry, with measures supporting sustainable development and climate action, targeted income support for farmers; and increased flexibility for Member States in selecting where their agricultural funding is allocated.<\/p>\n

Jyrki Katainen, the EU\u2019s Vice President in charge of Jobs, Growth, Investment and Competitiveness, said: \u201cThe Common Agricultural Policy is one of our core policies and affects the lives of all Europeans.<\/p>\n

\u201cThese solid proposals will contribute to the competitiveness of the agricultural sector, whilst at the same time they reinforce its sustainability.<\/p>\n

\u201cWith the new delivery model, we provide more subsidiarity to the Member States in order to improve the effectiveness of the policy and to better monitor its results.\u201d<\/p>\n

The 2021-27 tranche of Common Agricultural Policy funding will be focused on meeting nine key objectives:<\/p>\n