09 Jul: Cohesion Policy Upgrade

Editor’s Blog: Produced in collaboration with the EU Buzz team 

Enshrined in the Treaty on the Functioning of the European Union is the EU’s cohesion policy which aims to strengthen economic and social cohesion by reducing disparities in the level of development between regions. In other words, this is the European Union’s strategy to promote and support the ‘overall harmonious development’ of Europe’s Member States and regions, whilst ensuring the EU remains globally competitive.

For 2014-2020, approximately 32.5% of the EU budget, around EUR 351.8 billion, was used to finance the cohesion policy budget. For 2021-2027, the European Commission has …