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The policy constitutes the main investment policy of the EU, and is due to account for around of third of its budget, or EUR 392 billion over the period of 2021-2027. [1] In its long-term budget, the EU's Cohesion policy gives particular attention to regions where economic development is below the EU average. [2] [3]
The European Council meetings held in Lisbon, 26-27 June 1992, and Edinburgh, 11-12 December 1992, agreed the establishment of the Cohesion Fund. [2] This was formalized in 1993, as part of the Delors II package of the Treaty of Maastricht, with the goal of reinforcing the regional policy of the EU. [3]
The Commissioner for Cohesion and Reforms is a portfolio within the European Commission. The current Commissioner is Raffaele Fitto . The portfolio is responsible for managing the regional policy of the European Union , such as the European Regional Development Fund , which takes up a third of the EU's budget .
The European Union (EU) is a supranational political and economic union of 27 member states that are located primarily in Europe. [9] [10] [11] The union has a total area of 4,233,255 km 2 (1,634,469 sq mi) and an estimated total population of over 449 million.
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Interreg differs from the majority of Cohesion Policy programmes in one important respect: it involves a collaboration among authorities of two or more Member States. Interreg measures are not only required to demonstrate a positive impact on the development on either side of the border but their design and, possibly, their implementation must ...
First, about three quarters of EU legislation is implemented at local or regional level, so local and regional representatives needed to have a say in the development of new EU laws. Second, there were concerns about a widening gap between the public and the process of European integration ; involving the elected level of government closest to ...
The Community Strategic Guidelines (CSG) contain the principles and priorities of the EU's cohesion policy and suggest ways the European regions can take full advantage of the funding that has been made available for national and regional aid programmes for the period 2007–2013. There are three priorities: