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For the next long-term EU budget, the Commission proposes to further strengthen the Union’s social dimension with a renewed European Social Fund, the European Social Fund Plus (ESF+), and a strengthened and more effective European Globalisation Adjustment Fund (EGF). 
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For the period 2021-2027, the European Social Fund Plus would be worth €101.2 billion, and the Globalisation Adjustment Fund €1.6 billion. Both are geared to invest in people: ensuring they are equipped with the right skills needed to deal with challenges and changes on the labour market, following up on the European Pillar of Social Rights.
The European Social Fund Plus will be a more flexible and simpler version of the current European Social Fund by merging a number of existing funds and programmes.
The European Social Fund Plus will merge the:
The aim of merging the above funds is threefold:
- To enhance coherence and synergies between complimentary EU instruments which provide important support to people and which aim to improve their standards of living, by developing more integrated approaches to programming and implementation.
– To increase flexibility and to allow the funds to be more responsive to the challenges identified in the economic governance cycle and to EU-level priorities.
– To allow simplification of fund programming and management thus reducing the administrative burden for authorities and beneficiaries.