How to boost lagging regions
13 April, 2017
The regions which are lagging behind in terms of growth or wealth could be boosted with the help of EU funds, said a Commission report published on 12 April. It identifies the investment needs of the regions, namely human capital, innovation, quality of institutions, better accessibility, as well as the tools available within the framework of EU Cohesion Policy that could support them in their future.
47 regions in 8 Member States were carefully studied and categorised either as being "low-growth regions", with a GDP per capita of up to 90% of the EU average but with a persistent lack of growth, or "low-income regions", where GDP per head is growing, but is still below 50% of the EU average. These regions are home to 83 million inhabitants, i.e. one out of six EU residents. One group is clustered mostly in southern Europe, and a second group is concentrated in the east.
Tailor-made regional development strategies can make these regions attractive places for residents, workers and businesses, according to Regional Policy Commissioner Corina Cretu.