Youth Employment Initiative: additional initial prefinancing amount paid to operational programmes

The Committee on Employment and Social Affairs adopted the report by Elisabeth MORIN-CHARTIER (EPP, FR) on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 1304/2013 of the European Parliament and the Council on the European Social Fund, as regards an increase of the initial pre-financing amount paid to operational programmes supported by the Youth Employment Initiative.

The committee recommended the European Parliament to adopt its position at first reading, taking over the Commission proposal.

Given the urgency to deal with youth unemployment, the Commissions proposal seeks to raise the initial pre-financing amount paid to operational programmes supported by the Youth Employment Initiative (YEI) from 1% to 30% of the envelope which is allocated to it for 2015. The YEI is integrated in the programming of the European Social Fund (ESF).