Regional GDP statistics for 2014 published by EUROSTAT last Friday confirm that regional disparities are increasing within the European Union. The publication of these statistics is important for the technical review of structural funds allocations (due around May). They also provide an important indication as to where Cohesion policy support is heading for the post-2020 period.
Analysis from CPMR reveals that if the last regional GDP statistics were used to calculate eligibility for Structural funds (2012, 2013, 2014), 43 regions would change category of regions, with 34 going down a category and 9 moving up. The list of regions is available here.
The Commission will carry out a technical review of Structural Funds allocations (expected in May) and adjustments will be based on the regional GDP average for 2012, 2013 and 2014. Adjustments will be made only within the Cohesion Policy envelope and the total level of adjustments cannot exceed 4 billion euros overall.
The CPMR will be producing a paper to analyse what these figures mean for the future of Cohesion Policy.