The Partnership Agreement between Ireland and the European Commission sets out a €3.5bn investment strategy in Cohesion Policy funding investment for Ireland for 2021-27 - €1.4bn from the EU which will be matched with Government of Ireland, bringing the full value of support to almost €3.5bn.

It covers the Cohesion Policy funds, including the European Regional Development Fund (ERDF) which supports balanced regional development across the EU through a variety of investment initiatives that strengthen economic, social and territorial cohesion.

Southern, Eastern & Midland Regional Programme 2021-27

The Southern Regional Assembly manages the ERDF Southern, Eastern and Midland (SEM) Regional Programme 2021-27 which sees approximately €663m invested in both the Southern Region and the Eastern & Midland Region in the 2021-27 period. 

Funding will focus on three key areasat regional level: building research, development and innovation capacity in public research institutions, scaling up investment to improve energy efficiency of residential homes, and targeting homeowners in/ at risk of energy poverty, and supporting sustainable urban development .

The Assembly also manages the ERDF Southern & Eastern Regional Programme 2014-20 which invested approximately €660m ERDF and national funding into the southern and eastern programme area.