Page contents Page contents Cohesion fundTotal reference amount: €74,928.36 million (current prices)AimsThe Cohesion fund aims at reducing economic and social shortfall, as well as stabilising the economy of Member States whose Gross domestic product (GDP) per inhabitant is less than 90 % of the EU average.Legal basisEU regulation 1303/2013 on how to monitor and evaluate elements for the European Structural and Investment FundsRegulation (EU) No 1300/2013 on the Cohesion FundMore informationRegional policy websiteLess developed regionsTotal reference amount: €185,374.42 million (current prices)Aims“Less developed regions” are the European regions whose GDP is less than 75 % of the EU average. Funding was made available through the European Regional Development Fund and the European Social fund.Legal basisEU regulation 1303/2013 on how to monitor and evaluate elements for the European Structural and Investment FundsRegulation (EU) No 1301/2013 on the European Regional Development FundRegulation 1304/2013 on the European Social FundMore informationRegional policy websiteMore developed regionsTotal reference amount: €55,780.14 million (current prices)Aims“More developed regions” are the European regions whose GDP is above 90 % of the EU average. Funding was made available through the European Regional Development Fund and the European Social fund.Legal basisEU regulation 1303/2013 on how to monitor and evaluate elements for the European Structural and Investment FundsRegulation (EU) No 1301/2013 on the European Regional Development FundRegulation 1304/2013 on the European Social FundMore informationRegional policy websiteOutermost and sparsely populated regionsTotal reference amount: €1,562.99 million (current prices)AimsAreas that are naturally disadvantaged from a geographical viewpoint (remote, mountainous or sparsely populated areas), as well as outermost areas benefited from specific assistance from the European Regional Development Fund to address possible disadvantages.Legal basisEU regulation 1303/2013 on how to monitor and evaluate elements for the European Structural and Investment FundsRegulation (EU) No 1301/2013 on the European Regional Development FundMore informationRegional policy websiteTerritorial cooperationTotal reference amount: €10,228.81 million (current prices)AimsThe European territorial cooperation scheme helped regions across Europe work together to address shared problems. Funding was made available through the European Regional Development Fund.Legal basisEU regulation 1303/2013 on how to monitor and evaluate elements for the European Structural and Investment FundsRegulation (EU) No 1299/2013 on support from the European Regional Development Fund to the European territorial cooperation goalRegulation (EU) No 1302/2013 on European groupings of territorial cooperation (EGTCs)More informationRegional policy websiteTransition regionsTotal reference amount: €35,701.31 million (current prices)AimsTransition regions are those regions whose GDP is between 75% and 90% of the EU average. They received support from the European Regional Development Fund and from the European Social fund.Legal basisEU regulation 1303/2013 on how to monitor and evaluate elements for the European Structural and Investment FundsRegulation (EU) No 1301/2013 on the European Regional Development FundRegulation 1304/2013 on the European Social FundMore informationRegional policy websiteYouth employment initiativeTotal reference amount: €3,211.22 million (current prices)AimsThe Youth employment initiative supported young people not in education, employment or training in the Union’s regions with a youth unemployment rate in 2012 at above 25 %. The initiative focused on integrating these young people into the labour market. Of the funding, €3 billion come from a dedicated Youth Employment budget line complemented by €3 billion more from the European Social Fund.Legal basisRegulation 1304/2013 on the European Social FundMore informationEmployment, Social affairs and Inclusion website
