Regional policy of the European Union

Objective OneObjective 1Regional PolicyEuropean Union Regional policyObjective 2regional developmentEU Convergence fundingEuropean Structural and Investment FundsAssisted AreasCohesion policy
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 and also to avoid regional disparities.wikipedia
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European Union

EUEuropeanEurope
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 and also to avoid regional disparities. Territorial cohesion is a European Union concept which builds on the European Spatial Development Perspective (ESDP). It is intended to strengthen the European regions, promote territorial integration and produce coherence of European Union (EU) policies so as to contribute to the sustainable development and global competitiveness of the EU.
EU policies aim to ensure the free movement of people, goods, services and capital within the internal market, enact legislation in justice and home affairs and maintain common policies on trade, agriculture, fisheries and regional development.

Structural Funds and Cohesion Fund

structural fundsCohesion FundEuropean Structural Funds
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 Cohesion Fund.
The Structural Funds and the Cohesion Fund are financial tools set up to implement the regional policy of the European Union.

Budget of the European Union

EU budgetEuropean Union BudgetCommunity budget
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.

Assisted areas (United Kingdom)

The Assisted Areas of Great Britain are based upon a map drawn up and agreed with the European Commission in October 2006.

Cornwall

CornishCornwall, EnglandCounty of Cornwall
It was granted Objective 1 status by the European Commission for 2000 to 2006, followed by further rounds of funding known as 'Convergence Funding' from 2007 to 2013 and 'Growth Programme' for 2014 to 2020.

Region (Europe)

European regionEurope of the RegionsEuropean regions
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 and also to avoid regional disparities.

Restructuring

Restructuredcorporate restructuringrestructure
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.

Regional policy

European Cohesion policyregional policiesRegional Selective Assistance (RSA) scheme
In doing so, EU regional policy is geared towards making regions more competitive, fostering economic growth and creating new jobs.

Global warming

climate changeglobal climate changeanthropogenic climate change
The policy also has a role to play in wider challenges for the future, including climate change, energy supply and globalisation.

Energy supply

energy suppliesenergyenergy supplier
The policy also has a role to play in wider challenges for the future, including climate change, energy supply and globalisation.

Globalization

globalisationglobalizedglobal
The policy also has a role to play in wider challenges for the future, including climate change, energy supply and globalisation.

Gross national income

GNPgross national productGNI
In the current 2014–2020 funding period, 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.

European Spatial Development Perspective

ESDP
Territorial cohesion is a European Union concept which builds on the European Spatial Development Perspective (ESDP).

Sustainable development

sustainablesustainable growthsustainability
It is intended to strengthen the European regions, promote territorial integration and produce coherence of European Union (EU) policies so as to contribute to the sustainable development and global competitiveness of the EU.

European Regional Development Fund

ERDFRegional Development FundEuropean Union Regional Development Fund
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 Cohesion Fund. There are two structural funds: the European Regional Development Fund (ERDF) and the European Social Fund (ESF).

European Social Fund

ESFco-financedsocial
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 Cohesion Fund. There are two structural funds: the European Regional Development Fund (ERDF) and the European Social Fund (ESF).

Southern Italy

MezzogiornoSouthern ItalianSouthern
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.

2004 enlargement of the European Union

20042004 enlargementaccession of Poland to the European Union
With the addition of the newest member countries in 2004 and 2007, the EU average GDP fell.

2007 enlargement of the European Union

accession of Romania to the European Unionaccession of Bulgaria to the European UnionEU27
With the addition of the newest member countries in 2004 and 2007, the EU average GDP fell.

Infrastructure

infrastructuralinfrastructuresurban infrastructure
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.

Waste treatment

treatmentwastecentralized treatment
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.

Water treatment

water treatment planttreatmentwaste water treatment plant
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.

Prague

Prague, Czech RepublicPrague, CzechoslovakiaPraha