Estimated time of reading: ~ 2 minutes

The 2024 European Parliament elections have already begun to affect the internal politics of some Member States, with implications extending to the broader European level through shifts in political dynamics within the EU Parliament and subsequent changes in the EU Commission’s composition.

Today, I will explore how the new composition of the EU Parliament could influence the future of EU funding in the months and years ahead.

In the short and medium terms, the composition of the EU Parliament could impact the approval of the annual budget and the prioritization of crucial areas for EU investments. While the current fundamental framework may remain unchanged, significant political landscape shifts, such as the number of seats of some parties or the emergence of new coalitions, could lead to adjustments in funding priorities. For instance, a new majority might emphasize different areas, resulting in corresponding adjustments in funding allocations.

This evolving political landscape significantly influences EU funding opportunities, as political developments often shape the focus of new calls for proposals. For example, in recent years, there has been an increase in projects addressing sustainability and climate change across various EU programs, reflecting the relevance of shifting political priorities. The European Union intended to show its commitment to these strategic fields. Similarly, initiatives targeting migrants or extending opportunities to countries like Ukraine have emerged in response to changing political circumstances, further highlighting the relevance of this analysis.

Looking ahead, the long-term impact of the new political composition of the European Parliament and the renewed EU Commission could extend to the next financial framework (2028-2034) and updated funding programs. The European Parliament’s pivotal role in budget approval means that it holds the key to influencing budgetary negotiations, potentially altering funding levels across different sectors and initiatives, underscoring the importance of this topic.

In conclusion, the outcomes of the European Parliament elections hold significant implications for the future of EU funding, mainly concerning political and strategic priorities. As decisions are made regarding where to allocate resources, the evolving political landscape will continue to shape the direction of EU investments in the years to come.

Written by: Cristina Ceccarelli