The future of cohesion policy
The EU tries to reduce the gap between rich and poor regions through its cohesion policy - a means of mutual support that draws national and regional economies closer together by increasing trade and investment.
Similar initiatives have always existed at Community level. The Single European Act of 1986 laid the basis for a genuine EU cohesion policy. Cohesion policy allows the EU to work with member states and local government to tailor action to local needs.