EU’s cohesion policy provides a basis for prosperity and wellbeing
The aim of the cohesion policy of the EU is to narrow development gaps between regions and to provide a basis for prosperity and wellbeing for people in a vulnerable position. The overall aim is to ensure a better economic, social and regional balance in Europe.
The relatively weak status of an area may be due to, for example, the restructuring process of local industries or more permanent natural conditions and factors related to the population. These include an isolated geographical location and sparse population. By helping to minimise the impact of these negative factors, cohesion policy aims to boost economic growth in the regions con-cerned. This is increasingly by means of investments in human capital and by helping regions to build on their own strengths.
Six main objectives will drive EU investments in 2021-2027:
- Smarter Europe, through innovation, digitisation, economic transformation and support to small and medium-sized businesses.
- a Greener, carbon free Europe, implementing the Paris Agreement and investing in energy transition, renewables and the fight against climate change.
- a more Connected Europe, with strategic transport and digital networks.
- a more Social Europe, delivering on the European Pillar of Social Rights and supporting quality employment, education, skills and social inclusion.
- a Europe closer to citizens, by supporting locally-led development strategies and sustainable urban development across the EU.
- The Just transition Fund (JTF) will mitigate the impacts on regions and people OF the transition to a climate neutral economy. The impacts are societal, economic and environmental.
Further information: eliisa.hujala(at)gov.fi