Working for the regions
European regional policy is a policy promoting solidarity. It allocates
more than a third of the budget of the European Union to the
reduction of the gaps in Development among the regions and
disparities among the citizens in terms of well-being. The Union seeks
to use the policy to help lagging regions to catch up, restructure
declining industrial regions, diversify the economies of rural areas with
declining agriculture and revitalise declining neighbourhoods in the
cities. It sets job creation as its primary concern. In a word, it seeks to
strengthen the economic, social and territorial ‘cohesion’ of the Union.
Some key dates
What does it do?