Regional development and cohesion after 2020: the new framework in a few words
Five priorities for investment have been established in areas where the EU can make the greatest contribution
Five main objectives will drive EU investments in the seven-year period from 2021-2027:
Investments in regional development will focus especially on objectives 1 and 2. Between 65 % and 85 % of ERDF and Cohesion Fund resources will be assigned to these priorities, depending on the relative wealth of the Member States:
An approach better suited to regional development
The cohesion policy continues to invest in all regions according to the same three categories of region (less developed, in transition and more developed).
The method for allocating funds continues to take into account, in large part, per capita GDP. New criteria have been added (youth unemployment, low education levels, climate change and reception and integration of immigrants) to better reflect the reality on the ground. The outermost regions will continue to benefit from special assistance from the EU.
The cohesion policy continues to support locally-managed development strategies and empowering local entities in managing the funds. It also strengthens the urban dimension of the cohesion policy, with 6 % of the ERDF dedicated to sustainable urban development, and a new programme to create capacities and establish networks aimed at urban authorities, the European Urban Initiative.