The future of European cohesion policy

European cohesion policy is a central expenditure policy of the European Union, for which around one third of the EU budget is reserved. With the Structural Funds, the EU supports the regions in their efforts to address infrastructure deficits and weak growth, thereby trying to consolidate cohesion among the Member States. Cohesion policy is under constant pressure to legitimise and adapt, which is further strengthening in the face of new geopol…