Cohesion fund
Total reference amount: €74,928.36 million (current prices)
Aims
The 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 basis
Regulation (EU) No 1300/2013 on the Cohesion Fund
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Less developed regions
Total 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 basis
Regulation (EU) No 1301/2013 on the European Regional Development Fund
Regulation 1304/2013 on the European Social Fund
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More developed regions
Total 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 basis
Regulation (EU) No 1301/2013 on the European Regional Development Fund
Regulation 1304/2013 on the European Social Fund
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Outermost and sparsely populated regions
Total reference amount: €1,562.99 million (current prices)
Aims
Areas 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 basis
Regulation (EU) No 1301/2013 on the European Regional Development Fund
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Territorial cooperation
Total reference amount: €10,228.81 million (current prices)
Aims
The 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 basis
Regulation (EU) No 1302/2013 on European groupings of territorial cooperation (EGTCs)
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Transition regions
Total reference amount: €35,701.31 million (current prices)
Aims
Transition 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 basis
Regulation (EU) No 1301/2013 on the European Regional Development Fund
Regulation 1304/2013 on the European Social Fund
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Youth employment initiative
Total reference amount: €3,211.22 million (current prices)
Aims
The 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 basis
Regulation 1304/2013 on the European Social Fund