which are used to assist those areas that compare
unfavourably with the EU’s average levels of prosperity. Table 11.2 identifies the four
main structural instruments and their primary focus. Additional aid is also available
under the EU Cohesion Fund. Under new regulations which came into effect in January 2000, the EU has identified
three priorities (‘objectives’) for grant aid. These are:
● Objective 1 – promoting the development and structural adjustment of regions whose
development is lagging behind.