A new Cohesion Policy for jobs and growth in Europe
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Cohesion policy is the main investment pillar of the European Union (EU) budget.
Through the European Regional Development Fund (ERDF), the Cohesion Fund and the European Social Fund (ESF), the EU provides support to new innovative business, supports SMEs, creates sustainable jobs, improves skills, combats poverty, promotes social inclusion, gives remote regions broadband, tackles the brain drain, improves the environment, promotes energy efficiency and the use of renewable energy resources, builds vital transport links and strengthens efficiency of public administrations.
Together these Funds account for more than one third of the EU’s total budget. All EU regions benefit from Cohesion Policy, but poorer regions receive higher levels of investment.