The aim of this report is twofold: on the one hand, it strives at giving a concise overview on the Fund for European Aid to the Most Deprived (FEAD) from a regulatory perspective lining out its structure, monetary volume, and observed impact on poverty and social inclusion levels in the EU, as well as regulatory amendments and its integration into the European Social Fund Plus (ESF+).On the other hand, besides transmitting these insights, this publication further envisages to address the FEAD from a practical angle, highlighting the challenges and opportunities inherent to the daily implementation of the Fund on the ground in 2021.