MIP Will Run For Seven Years:
The new MIP will run for seven years, from 2021 to 2027, and will be implemented in two phases, with a mid-term evaluation of progress in 2024. This assessment will allow the EU to potentially redefine and redirect its priorities and actions in light of changing economic, social, and political events, as well as lessons learned.
As a result, the EU has set aside the first award of 265 million euros. Following the 2023 general elections, the multi-annual indicative program (MIP) and the ‘Vision 2025’ are expected to be amended. According to the EU paper, this will allow realigning the second half of the MIP with a new government plan as it emerges.