The Cohesion Policy is the EU’s main investment policy. It 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, € 392 billion – almost a third of the total EU budget has been set aside for Cohesion Policy for 2021-2027.
The Cohesion Policy is delivered through specific funds:
The European Regional Development Fund (ERDF), to invest in the social and economic development of all EU regions and cities.
The Cohesion Fund (CF), to invest in environment and transport in the less prosperous EU countries.
The European Social Fund Plus (ESF+), to support jobs and create a fair and socially inclusive society in EU countries.
The Just Transition Fund (JTF) to support the regions most affected by the transition towards climate neutrality.