The new framework has set five priorities for EU investments in regional development for the seven-year period 2021-2027:
- A smarter Europe, through innovation, digitalisation, economic transformation and support for small and medium-sized enterprises.
- A greener, more carbon-free Europe, implementing the Paris Agreement and investing in energy transition, renewable energies and the fight against climate change.
- A more connected Europe, with strategic transport and digital networks.
- A more social Europe, making the European pillar of social rights a reality and supporting quality employment, education, educational and professional skills, social inclusion and equal access to healthcare.
- A Europe that is closer to the citizens, supports locally managed growth strategies and contributes to sustainable urban development throughout the EU.