The Multi-annual Financial Framework (MFF) grants the EU a longer period of time during which to carry out its policies and make them effective. Parliament is working on the next MFF for 2021 and beyond.
When it comes to funding projects at the European level, an annual budget is often not enough. The Multi-annual Financial Framework, or MFF, allows the EU to carry out its policies over a longer period of time to make them effective: at least five, and recently up to seven years. This makes EU funding more predictable, an important factor for potential beneficiaries and co-financers. And it makes sure that money is being spent within agreed limits. EU governments can only commit to this budget after a green light from the European Parliament. MEPs are currently setting their priorities for 2021 and beyond. They want to maintain adequate support for fragile regions, and the agriculture and education sectors, despite the losses caused by Brexit. And they want to allocate more money for spending on security, defence and migration policy, so that Europe is ready to face new challenges.