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EU approves legislation for €373bn in regional funding

Image: Eric Fischer [CC BY 2.0], via Flickr 

Research and innovation again among regional development funding priorities

The EU has signed off the legislation underpinning €373 billion of cohesion funding for 2021-27, which will support activities to boost regional development including research and innovation.

National and regional governments will determine how the funding is used, but the European Commission said on 25 June that the focus “remains the promotion of economic, social and territorial convergence, through sustainable competitiveness, research and innovation [and the] digital transition”, among other areas.

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