Transnational cooperation encourages highly integrated partnerships impacting beyond national boundaries in a transnational cooperation area. Such partnerships span and represent different levels of government and administration, embracing both public and private-sector bodies and different policy areas.
There are 15 transnational cooperation areas across the EU. Under certain conditions, territories in neighbouring third countries can also be part of transnational cooperation areas and benefit from cohesion policy funding.
Through these partnerships, transnational cooperation projects are able to develop, prepare and implement joint solutions to common problems and challenges inherent to a large part of their transnational cooperation area. There is a strong emphasis on the transnational working arrangements of projects and on the transnational dimension of the planned results.
Projects should typically contribute to a long-term vision, a big idea as a source for strategic action, e.g. in the field of flood protection, maritime policy, inter-modal transport corridors, urban and rural networks, and interlinked transnational innovation systems.
Transnational cooperation programmes are funded by the European Regional Development Fund (ERDF) under the European territorial cooperation goal of cohesion policy. In the 2014-20 programming period, over EUR 2.1 billion is available for transnational cooperation as Interreg V-B funding.