The European Neighbourhood Policy is financed through the European Neighbourhood Instrument (ENI) for the period 2014-2020. The European Neighbourhood Instrument with a budget of €15.4 billion provides the bulk of funding to the 16 partner countries covered by the European Neighbourhood Policy (ENP) in the line with the principles of differentiation and the incentive based approach.
Building on the achievements of the previous European Neighbourhood and Partnership Instrument (ENPI), the ENI aims to support strengthening of relations with Neighbourhood countries and bring tangible benefits to both the EU and its partners. The Instrument is built on to strengthen some of the key features of the ENPI, notably greater differentiation between countries based on progress with reforms, with two new mechanisms to support an incentive based approach.
Under the ENI, four types of programme are supported:
- Bilateral programmes for Neighbourhood countries;
- Regional programmes for the East and the South;
- Another ENP-wide programmes funding - for instance, Erasmus+, the Neighbourhood Investment Facility and the umbrella programmes;
- Cross-Border Cooperation programmes between Member State and Neighbourhood countries.