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Financial Perspective
Financing Regional Policy
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Financial perspective :
Europe invests in your future



Financing Regional Policy

Today, European regional policy is even more necessary than it was yesterday. For at least two reasons: in an enlarged EU the economic gap between regions has doubled; and globalisation has an asymmetric impact on Europe’s regions.

What does European regional policy bring? It is a unique tool for converting political priorities at the EU level into real results on the ground. A key asset is the broad network of regional and local actors mobilised to implement this policy. This partnership contributes to better economic governance and to ownership of the Lisbon agenda for growth and jobs.

EU regional policy really makes a difference to the development of European regions which have a key role to play in the new partnership for jobs and growth.

On the 17th of December the European Council reached an agreement on the Union’s financial framework for 2007-2013. The ten new Member States will get around EUR 157 billion over the seven years, Of the overall EUR 307.619 billion spending, EUR 251.33 billion is earmarked for convergence, including EUR 61.518 billion for the Cohesion Fund; EUR 12.521 billion for regions for which cohesion funding will be gradually phased out; and EUR 48.789 billion for regional competitiveness and employment (including EUR 10.385 billion for regions where aid is gradually being phased out). 'Territorial cooperation' will get EUR 7.5 billion.

In 2007-2013 these resources will be channelled through the structural funds into investments in key elements of EU competitiveness – human capital and physical infrastructure, innovation, telecommunications and information technology, research and development.

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More information:

20 December 2005

Danuta Hübner: Agreement on budget, a good news for Europe

15-16 December 2005 The European Council reached agreement on the Financial Perspective 2007-2013
24 November 2005

Financing Growth and Cohesion in the Enlarged EU - Conference presenting two new initiatives: Joint Assistance to Support Projects in the European Regions (JASPERS) and Joint European Resources for Micro-Enterprises (JEREMIE)

10-13 October 2005 European Week of Regions and Cities - OPEN DAYS 2005
7 October 2005 Working document of Directorate-General Regional Policy summarising the results of the public consultation on the Community Strategic Guidelines for Cohesion, 2007-2013
29 September 2005 Territorial Cooperation Programmes 2007-2013
A two-day seminar will be held in Brussels on 28 and 29 September on the new ‘European territorial cooperation’ (ex-INTERREG) objective. The issues to be discussed will concern management questions for the future generation of cross-border, transnational and interregional programmes.

6 July 2005 Commission adopts Communication on the "Community Strategic Guidelines for Cohesion 2007-2013"

The Commission adopted a Communication on "Community Strategic Guidelines for Cohesion 2007-2013". These guidelines will set the strategic framework for cohesion policy interventions and the next generation of Structural Funds programmes.
17 May 2005 Third Progress Report on Cohesion
11 May 2005 EP votes on Financial Perspective
3 March 2005 Conference : Cohesion and the Lisbon Agenda: The Role of the Regions
3 February 2005 Danuta Hübner : "Regional policy and the Lisbon agenda – Challenges and Opportunities" at the London School of Economics
2 February 2005 Contribution of the Structural Funds to the Lisbon objectives
2 February 2005 Commission launches ambitious Growth and Jobs strategy for the EU
28 January 2005 Latest European regional statistics confirm Commission’s proposal on Structural Funds for 2007-2013 - Map - List
15 July 2004 Questions and answers on the reform of Cohesion Policy and the Structural Funds 2007-2013
2004 Communication from the Commission to the Council and the European Parliament - Financial Perspectives 2007 - 2013 : COM/2004/0487 final
To learn more


Financial Perspective

Working for the Regions

Cohesion Instruments in your Country and Region




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