The European Union: Regional Policy

Saturday, 8 July 2017 - 01:00 pm (CET/MEZ) Berlin | Author/Destination:
Category/Kategorie: General, Editorial, EU blog post series, European Union
Reading Time:  7 minutes

Regional policy of the European Union
The Regional policy of the European Union (EU), also referred as Cohesion Policy, is a policy with the stated aim of improving the economic well-being of regions in the EU (European Committee of the Regions) and also to avoid regional disparities. More than one third of the EU’s budget is devoted to this policy, which aims to remove economic, social and territorial disparities across the EU, restructure declining industrial areas and diversify rural areas which have declining agriculture. In doing so, EU regional policy is geared towards making regions more competitive, fostering economic growth and creating new jobs. The policy also has a role to play in wider challenges for the future, including climate change, energy supply and globalisation.

The EU’s regional policy covers all European regions, although regions across the EU fall in different categories (so-called objectives), depending mostly on their economic situation. In the current 2014–2020 funding period (Europe 2020), money is allocated differently between regions that are deemed to be “more developed” (with GDP per capita over 90% of the EU average), “transition” (between 75% and 90%), and “less developed” (less than 75%), and additional funds are set aside for member states with GNI per capita under 90 percent of the EU average in the Cohesion Fund. Between 2007 and 2013, EU regional policy consisted of three objectives: Convergence, Regional competitiveness and employment, and European territorial cooperation; the previous three objectives (from 2000–2006) were simply known as Objectives 1, 2 and 3.

Less developed regions0
By far the largest amount of regional policy funding is dedicated to the regions designated as less developed. This covers Europe’s poorest regions whose per capita gross domestic product (GDP) is less than 75% of the EU average. This includes nearly all the regions of the new member states, most of Southern Italy, Greece and Portugal, and some parts of the United Kingdom and Spain. With the addition of the newest member countries in 2004 and 2007, the EU average GDP fell. As a result, some regions in the EU’s “old” member states, which used to be eligible for funding under the Convergence objective, became above the 75% threshold. These regions received transitional, “phasing out” support during the previous funding period of 2007–13. Regions that used to be covered under the convergence criteria but got above the 75% threshold even within the EU-15 received “phasing-in” support through the Regional competitiveness and employment objective. Funding for less developed regions, like the Convergence objective before it, aims to allow the regions affected to catch up with the EU’s more prosperous regions, thereby reducing economic disparity within the European Union. Examples of types of projects funded under this objective include improving basic infrastructure, helping businesses, building or modernising waste and water treatment facilities, and improving access to high-speed Internet connections. Regional policy projects in less developed regions are supported by three European funds: the European Regional Development Fund (ERDF), the European Social Fund (ESF) and the Structural Funds and Cohesion Fund.

Transition regions
These are regions whose GDP per capita falls between 75 and 90 percent of the EU average. As such, they receive less funding than the less developed regions but more funding than the more developed regions.

More developed regions
This covers all European regions that are not covered elsewhere, namely those which have a GDP per capita above 90 percent of the EU average. The main aim of funding for these regions is to create jobs by promoting competitiveness and making the regions concerned more attractive to businesses and investors. Possible projects include developing clean transport, supporting research centres, universities, small businesses and start-ups, providing training, and creating jobs. Funding is managed through either the ERDF or the ESF.

European territorial cooperation
This objective aims to reduce the importance of borders within Europe – both between and within countries – by improving regional cooperation. It allows for three different types of cooperation: cross-border, transnational and interregional cooperation. The objective is currently by far the least important in pure financial terms, accounting for only 2.5% of the EU’s regional policy budget. It is funded exclusively through the ERDF.

Other important EU funds are:

In addition, a few hundred subsidy programs with a wide range of individual directions are available to help companies and citizens of the European Union with their individual projects (EU funding).

Read more on Wikipedia Regional policy of the European Union, VOLT Europa, United Europe and Pulse of Europe.  (Smart Traveler App by U.S. Department of State - Weather report by weather.com - Global Passport Power Rank - Travel Risk Map - Democracy Index - GDP according to IMF, UN, and World Bank - Global Competitiveness Report - Corruption Perceptions Index - Press Freedom Index - World Justice Project - Rule of Law Index - UN Human Development Index - Global Peace Index - Travel & Tourism Competitiveness Index). Photos by Wikimedia Commons. If you have a suggestion, critique, review or comment to this blog entry, we are looking forward to receive your e-mail at comment@wingsch.net. Please name the headline of the blog post to which your e-mail refers to in the subject line.


Overview EU series:

short_7cr_en

White_Paper_on_the_future_of_Europe

47244656633_en




Recommended posts:

Share this post: (Please note data protection regulations before using buttons)

Theme Week Carinthia - Hüttenberg

Theme Week Carinthia - Hüttenberg

[caption id="attachment_153206" align="aligncenter" width="590"] Historic blast furnaces in der Heft © Mefusbren69[/caption][responsivevoice_button voice="UK English Female" buttontext="Listen to this Post"]Hüttenberg (Slovene: Železni Hrib) is a town in the district of Sankt Veit an der Glan with 1,500 inhabitants. Heinrich Harrer was born in the town and was an moutaineer, sportsman, geographer, and author. A museum is dedicated to him today.[gallery size="medium" gss="1" ids="181216,181218,181217,181215,181214,153206"]The municipality includes the Görtschitz valley in the southe...

[ read more ]

Peter and Paul Fortress in St. Petersburg

Peter and Paul Fortress in St. Petersburg

[caption id="attachment_232556" align="aligncenter" width="590"] © Andrew Shiva/cc-by-sa-4.0[/caption][responsivevoice_button voice="UK English Female" buttontext="Listen to this Post"]The Peter and Paul Fortress is the original citadel of St. Petersburg, Russia, founded by Peter the Great in 1703 and built to Domenico Trezzini's designs from 1706 to 1740 as a star fortress. Between the first half of the 1700s and early 1920s it served as a prison for political criminals. It has been a museum since 1924. Today it has been adapted as the central and most important part of the State Museum of S...

[ read more ]

Messner Mountain Museum

Messner Mountain Museum

[caption id="attachment_2186" align="aligncenter" width="511" caption="© messner-mountain-museum.it"][/caption][responsivevoice_button voice="UK English Female" buttontext="Listen to this Post"]The Messner Mountain Museum or MMM is a museum project by Italian mountaineer and extreme climber, Reinhold Messner, in South Tyrol in northern Italy. The mountain museum is based at five different locations. Messner Mountain Museum Firmian [caption id="attachment_161150" align="aligncenter" width="590"] Sigmundskron Castle - MMM Firmian © Hubert Berberich[/caption]The centrepiece of the Mess...

[ read more ]

The Gulf of Morbihan

The Gulf of Morbihan

[caption id="attachment_168800" align="aligncenter" width="590"] Île-aux-Moines © Pinpin/cc-by-sa-3.0[/caption][responsivevoice_button voice="UK English Female" buttontext="Listen to this Post"]The Gulf of Morbihan is a natural harbour on the coast of the Département of Morbihan in the south of Brittany. This English name is taken from the French version: le golfe du Morbihan. It is more accurately called 'the Morbihan' directly from its Breton name which is Ar Mor Bihan, meaning 'the little sea' (Compare the Welsh y môr bychan), as opposed to the Atlantic Ocean outside, (Ar Mor Bras). Leg...

[ read more ]

Doral in Florida

Doral in Florida

[caption id="attachment_240353" align="aligncenter" width="590"] CityPlace © Ven-Lib/cc-by-sa-4.0[/caption][responsivevoice_button voice="UK English Female" buttontext="Listen to this Post"]Doral is a city in Miami-Dade County, Florida, United States. One of 34 municipalities in the county, it is located 5 miles (8 km) west of Miami International Airport and 13 miles (21 km) west of Downtown Miami. Doral occupies 15 square miles (39 km²) bordered on the west by the Ronald Reagan Turnpike and the Florida Everglades, on the north by the town of Medley, on the east by the Palmetto Expressway an...

[ read more ]

Flensburg, the center of the Danish-German border region

Flensburg, the center of the Danish-German border region

[caption id="attachment_152867" align="aligncenter" width="590"] 'Water Houses' in Sonwik Marina in front of the Navy School Mürwik © VollwertBIT[/caption][responsivevoice_button voice="UK English Female" buttontext="Listen to this Post"]Flensburg is an independent town in the north of the German state Schleswig-Holstein. Flensburg is the centre of the region Southern Schleswig. After Kiel and Lübeck it is the third largest town in Schleswig-Holstein. The nearest larger towns are Kiel (86 km south) and Odense in Denmark (92 km northeast). Flensburg's city centre lies about 7 km from the Dan...

[ read more ]

Valencia, party capital of Spain

Valencia, party capital of Spain

[caption id="attachment_152409" align="aligncenter" width="590"] The North Station © Felivet[/caption][responsivevoice_button voice="UK English Female" buttontext="Listen to this Post"]Valencia is the most populous city of the Autonomous Community of Valencia and the third largest city in Spain, with a population of 809,267 in 2010. It is the 15th-most populous municipality in the European Union. About 1,175,000 people live in the Valencia urban area and 1,705,742 in the Valencia metropolitan area. It is integrated into an industrial area on the Costa del Azahar. Its main festival, the Falles...

[ read more ]

Toledo, capital of the autonomous community of Castile-La Mancha

Toledo, capital of the autonomous community of Castile-La Mancha

[caption id="attachment_153333" align="aligncenter" width="590"] Plaza de Zocodover © MartinPutz[/caption][responsivevoice_button voice="UK English Female" buttontext="Listen to this Post"]Toledo is a municipality located in central Spain, 70 km south of Madrid. It is the capital of the province of Toledo. It is also the capital of autonomous community of Castile-La Mancha. It was declared a World Heritage Site by UNESCO in 1986 for its extensive cultural and monumental heritage as one of the former capitals of the Spanish Empire and place of coexistence of Christian, Jewish and Muslim cultur...

[ read more ]

The Marco Polo

The Marco Polo

[caption id="attachment_191710" align="aligncenter" width="590"] Sailing yacht and Marco Polo in Tallinn Bay © Pjotr Mahhonin/cc-by-sa-4.0[/caption][responsivevoice_button voice="UK English Female" buttontext="Listen to this Post"]MS Marco Polo is a cruise ship owned by the Global Maritime Group under charter to UK-based Cruise & Maritime Voyages, having been previously operated by Transocean Tours. She was built as an ocean liner in 1965 by Mathias-Thesen Werft as Aleksandr Pushkin for the Soviet Union's Baltic Shipping Company. After major alterations and additions, the ship sailed as Marco...

[ read more ]

Palmyra in Syria

Palmyra in Syria

[caption id="attachment_185897" align="aligncenter" width="590"] Cella of the Temple of Bel - destroyed in 2015 © Bernard Gagnon/cc-by-sa-3.0[/caption][responsivevoice_button voice="UK English Female" buttontext="Listen to this Post"]Palmyra is an ancient Semitic city (Tadmor) in present-day Homs Governorate, Syria. Archaeological finds date back to the Neolithic period, and documents first mention the city in the early second millennium BC. Palmyra changed hands on a number of occasions between different empires before becoming a subject of the Roman Empire in the first century AD. T...

[ read more ]

Return to TopReturn to Top
Flag Of Europe.svg
The European Union: Common Foreign, Security and Defence Policy

(Latest update: 23 August 2022) Foreign relations of the European Union Although there has been a large degree of integration...

Flag Of Europe.svg
The European Union: Common Trade and Economic Policy

Common and Economic Policy The European Single Market is the single market of the European Union, which has officially existed...

© designmuseum.org
Design Museum London

The Design Museum is a museum founded in 1989, originally located by the River Thames near Tower Bridge in London,...

Schließen