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Objective 1
Eligible regions
Cohesion Fund
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Objective 1 and the Cohesion Fund

All the regions of Objective 1 of the Member States with a GDP of less than 90% of the Community average will be supported by a special solidarity Fund, the Cohesion Fund. Since 1993, the Cohesion Fund has co-financed major environmental and transport projects in the four least prosperous Member States: Greece, Portugal, Ireland and Spain. It provides assistance throughout these countries.

In the period 2000-06, the annual budget of the Cohesion Fund will amount to EUR 2.5 billion, or EUR 18 billion over seven years.


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