On 20 December 2013 the Official Journal of the European Union published the new regulations of the European Structural and Investment Funds (ESIFs) for the 2014-2020 period (except the European Maritime and Fisheries Fund).
Spain has at its disposal in the 2014-2020 programming period the following Structural Funds: European Regional Development Fund (ERDF), European Social Fund (ESF), European Agricultural Fund for Rural Development (EAFRD) and European Maritime and Fisheries Fund (EMFF). In this period, Spain no longer has access to the Cohesion Fund.
The management of the Structural Funds is organised through operational programmes. Each programme consists of priority action areas and investment priorities. All these elements design a development strategy, which should be applied throughout the duration of the programme. Projects that aim to be funded by the programme must register within this strategy. Depending on their specific nature, each of the Structural Funds may finance certain types of projects. Subsidies financed with funds from the European Union are governed by the Community rules applicable in each case and by national development standards or their transposition. The Member State assumes the primary responsibility for the financial control of the interventions, which means that it must take measures aimed at the effective and regular use of EU funds, ensuring that they are managed in accordance with national and EU regulations, under sound financial management, and that irregularities are prevented, detected and corrected.