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.