Overview of Regional Policy
EU regional policy is an investment policy. It supports job creation, competitiveness, economic growth, improved quality of life and sustainable development. These investments support the delivery of the Europe 2020 strategy.
Regional policy is also the expression of the EU’s solidarity with less developed countries and regions, concentrating funds on the areas and sectors where they can make the most difference.
Regional policy aims to reduce the significant economic, social and territorial disparities that still exist between Europe's regions. Leaving these disparities in place would undermine some of the cornerstones of the EU, including its large single market and its currency, the euro.
During the period 2014-2020, the EU will invest a total of €351 billion in Europe's regions.
The EU funding will, for example, help:
- boost small and medium-sized businesses,
- support research and innovation,
- invest in a cleaner environment,
- improve access to digital technology,
- develop new products and production methods,
- support energy efficiency and tackle climate change,
- boost education and skills,
- improve transport links to remote regions.
Regional Disparities across EU28
GDP/head (PPS), 2010