The 8th Cohesion Report published by the Commission shows that Cohesion policy has helped to narrow territorial and social disparities between regions in the EU. Thanks to Cohesion funding, the GDP per capita of less developed regions is expected to increase by up to 5% by 2023. The same investments also supported a 3.5% reduction in the gap between the GDP per capita of the 10% least developed regions and the 10% most developed regions.

The report also shows that, thanks to its flexibility, Cohesion policy provided much needed and very swift support to Member States, regional and local authorities in the midst of economic slowdowns and the worst crisis of recent times.

The new 2021-2027 Cohesion policy programmes will continue to invest in regions and in people, in close coordination with the financial firepower of the NextGenerationEU package.

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