Regional policy targets EU regions and cities, boosting economic growth and improving quality of life through strategic investment. It is also an active form of solidarity which focuses support on the less developed regions.
EU regional policy funding focuses on 4 priorities:
Regional policy delivers results. Between 2007 and 2012 it helped EU countries:
Regional policy is delivered through the European Regional Development Fund (ERDF) and the Cohesion Fund. National and regional authorities, in cooperation with the European Commission, are responsible for managing the funds from day to day. These Managing Authorities select, finance and monitor the projects that can best help to serve local needs. They provide information on funding opportunities to potential beneficiaries, including:
Manuscript updated in November 2014
This publication is part of the 'European Union explained' series