For the 2021–2027 programming period and the cohesion policy funds, the use of CBA is not a legal requirement. However, the Common Provision Regulation calls for managing authorities to ensure proper value for money for the selection of operations to be financed, with a major shift of responsibilities from the EU to Member States. In this respect, economic appraisal can be used by managing authorities as part of a wider methodology and related criteria for the selection of operations.
Economic appraisal is also increasingly relevant in other investment contexts beyond cohesion policy, including for the Connecting Europe Facility (CEF) and the InvestEU Fund. In terms of international financing institutions, the European Investment Bank (EIB) conducts an Economic Appraisal of projects considered for financing, which are often co-financed by various EU funds.
In recognition of the above, DG REGIO has prepared with the support of JASPERS, the preparation of an Economic Appraisal Vademecum (EAV), for possible wider voluntary use across EU funding sources in the 2021–2027 programming period. This EAV complements the 2014 CBA Guide
and is based on established good practices at both EU and national levels.
This interactive webinar aimed at presenting the EAV and its relevance for the 2021–2027 programming period, with a particular focus on its potential use in the context of several EU funding sources, as well as its relation with the economic appraisal practices used by the EIB.
The Webinar closed with an open discussion on the challenges for the 2021-27 period, and way to overcome them also with JASPERS advisory and capacity building support.