The Europe 2020 strategy
The Europe 2020 strategy sets out growth targets to which all structural fund programmes must be linked.
The strategy is based on three overarching priorities that are mutually reinforcing:
- Smart growth – developing an economy based on knowledge and innovation.
- Sustainable growth – promoting a more resource efficient, greener and more competitive economy.
- Inclusive growth – fostering a high-employment economy delivering social and territorial cohesion.
The EU has set out five specific targets for the next ten years:
- 75 percent of 20-64 year-olds to be employed.
- Research and development
- 3 percent of the EU's GDP to be invested in R&D.
- Climate change and energy sustainability
- Greenhouse gas emissions 20 percent lower than 1990.
- 20 percent of energy from renewables.
- 20 percent increase in energy efficiency.
- Reducing the rates of early school leaving to below 10 percent.
- At least 40 percent of 30-34-year-olds completing third level education.
- Fighting poverty and social exclusion
- At least 20 million fewer people in or at risk of poverty and social exclusion.