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Preparing the ground for adaptation

1.3 Estimating human and financial resources needed and identifying potential sources of long-term funding

In order to successfully set up, develop, implement, monitor and evaluate an adaptation policy, sufficient personnel, work time and financial resources for coordination are needed, and this needs to be ensured in the long-run.

Another relevant factor is funding, either funding from the national level, from EU instruments or regional and local funds, as well as from some international financing institutions, such as the European Investment Bank (EIB) or the European Bank for Reconstruction and Development (EBRD). Accessing and combining funding, especially from public and private sources below the EU level, is crucial.

EU programmes, which are most likely to provide co-funding under shared management for adaptation (many already do) include: the CAP (mainly the European Agricultural Fund for Rural Development); the Cohesion fund; the European Regional Development Fund (particularly through INTERREG); Horizon 2020 / Horizon Europe; the European Social Fund; the European Maritime and Fisheries Fund.

Other key sources of EU funding include the LIFE programme and the Competitiveness and Innovation Framework Programme, targeting mostly small and medium enterprises.

When implementing adaptation action, mainstreaming that aims to create synergies and prevent unnecessary costs will become crucial. Adaptation action can be integrated at low cost into existing instruments for sectoral policies.

Relevant information on EU funding for adaptation can be found here.

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