EU regional funds can help unlock the growth potential of the Union as a whole, by targeting investment in innovation in all regions. This is the central message of a Commission Communication 'Regional Policy contributing to smart growth in Europe 2020' adopted on 6 October 2010. The Communication encourages national and regional authorities to design 'smart specialisation strategies' to help regions identify their best assets. Concentrating resources on a limited number of priorities will ensure a more effective use of public funds and help to leverage higher levels of private investment.
Communication: Regional Policy contributing to smart growth in Europe 2020