Regional Policy is the EU’s main investment policy
Regional Policy targets all regions and cities in the European Union in order to support job creation, business competitiveness, economic growth, sustainable development, and improve citizens’ quality of life.
In order to reach these goals and address the diverse development needs in all EU regions, € 351.8 billion – almost a third of the total EU budget – has been set aside for Cohesion Policy for 2014-2020.
The five targets for the EU in 2020 are:
1. Employment: 75%of the 20-64 year-olds to be employed
2. Research & Development: 3% of the EU's GDP to be invested in R&D
3. Climate change and energy sustainability:
5. Fighting poverty and social exclusion: At least 20 million fewer people in or at risk of poverty and social exclusion
Each Member State has adopted its own national targets in these areas.
The national targets as set out in the National Reform Programmes (NRP) in April 2014.
cf. Page for Greece