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UNION
EXPLAINED
Regional policy
Making Europes
regions and
cities more
competitive,
fostering growth
and creating jobs
R egio nal p o l ic y is a s t r at egic
in ves t m ent p o l ic y t ar get ing al l E U
r egio ns and c it ies in o r d er t o b o o s t
t heir ec o n o m ic gr owt h and im p r ove
p eo p l es qual it y o f l ife. I t is al s o an
exp r es s io n o f s o l id ar it y, fo c us ing
s up p o r t o n t he l es s d evel o p ed
r egio ns .
J o han n es H ahn,
Eur o p ean c o m m is s io ner fo r r egio n al
p o l ic y, 2 0 1 4
CONTENTS
Why does the EU need
a regional policy?
Europes main investment policy
for growth and jobs . . . . . . . . . . . . . . . . . . . 3
http://europa.eu/pol/index_en.htm
Outlook
EU regional policy 201420:
a new era of strategic spending . . . . . . . 15
Find out more . . . . . . . . . . . . . . . . . . . 16
R E G I O N A L
P O L I C Y
French
Guiana
Mayotte Runion
Madeira
Azores
Category
Less developed regions
(GDP/head < 75% of EU-27 average): 182.2 billion
Transition regions
(GDP/head between > = 75% and < 90 % of EU-27 average):
35.4billion
More developed regions (GDP/head > = 90% of EU-27 average):
54.3billion
Other sources of funding under regional policy during the same
period include the Cohesion Fund (65.3 billion), European territorial
cooperation (10.2 billion), the Youth employment initiative
(3.2billion) and specific allocations for the outermost and sparsely
populated regions (1.6 billion).
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E U R O P E A N
U N I O N
E X P L A I N E D
R E G I O N A L
P O L I C Y
European Union
European Union
European Union
European Union
(1) Bulgaria, the Czech Republic, Estonia, Croatia, Cyprus, Latvia, Lithuania,
Hungary, Malta, Poland, Romania, Slovenia and Slovakia.
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E U R O P E A N
U N I O N
E X P L A I N E D
European Union
R E G I O N A L
P O L I C Y
>>>
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E U R O P E A N
U N I O N
E X P L A I N E D
<<<
Part of the Cohesion Fund is set aside to
finance core transport and other networks
under the new Connecting Europe
Facility, a strategic instrument investing in
broadband infrastructure and online public
Record solidarity sum paid out for Emilia-Romagna restoration (December 2012)
European Union
R E G I O N A L
P O L I C Y
Channelling EU investment
The Commission makes funding
available at the beginning of each year
to allow EU countries to start investing
in individual projects.
Payments, certified by national
authorities, are paid out by the
Commission.
National programmes are constantly
monitored, with on-the-spot audits and
checks by the Commission and the EU
country in question.
Both the Commission and the national
authorities submit reports throughout
the seven-year budgetary period.
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E U R O P E A N
U N I O N
10
E X P L A I N E D
European Maritime
and Fisheries Fund
Cohesion
Fund
R E G I O N A L
11
P O L I C Y
Project example: Launch of Romanian seat for top research consortium ELINP
project represents a remarkable example
of how the instruments of the EUs regional
policy can be used to serve both the
objective of economic cohesion and the
development of the European research
area (ERA). Total budget: 356 million
The EU has invested almost 150 million in a top European
research consortium bringing together 13 EU countries.
ELI-NP Romania
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U N I O N
12
E X P L A I N E D
European Union
R E G I O N A L
13
P O L I C Y
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E U R O P E A N
U N I O N
14
E X P L A I N E D
Macro-regional strategies
The ERDF, among other funding sources, also
contributes to macro-regional strategies which
address common challenges faced by a group of
The PEACE programme: building peace and developing Northern Irelands economy
The launch of the PEACE programme in
1995 was the direct result of the EUs
desire to respond positively to new
opportunities arising from the Northern
Ireland peace process during the
paramilitary ceasefire announcements. The
EU has provided a total of 1.3 billion in
financial assistance. One of the most iconic
projects was the PEACE bridge in Derry/
Londonderry, officially opened by Johannes
Hahn, the EU commissioner for regional
policy, in June 2011. The bridge cost 14.6
million to build, over 11 million of which
came from EU funding. The PEACE bridge
has now physically united both sides of the
riverbank and its design represents a
symbolic handshake across the River Foyle.
R E G I O N A L
15
P O L I C Y
Outlook
EU regional policy 201420: a new era of strategic
spending
Regional policy, accounting for just over one third of the
Union budget, is the EUs main investment policy for
regional and urban development and growth. It has
co-financed a multitude of projects over the years in
every EU country, benefiting citizens and businesses
alike.
E U R O P E A N
U N I O N
16
E X P L A I N E D
Follow us:
http://ec.europa.eu/regional_policy/index_en.cfm (general information website)
http://www.twitter.com/@EU_Regional (breaking news)
https://www.yammer.com/regionetwork (EU social network)
http://www.flickr.com/euregional (database of photos)
ISBN 978-92-79-24469-8
doi:10.2775/72258
NA-70-12-032-EN-C
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