What is the primary aim of the European Structural and Investment Funds?

The primary aim of the European Structural and Investment Funds is to invest in smart, sustainable, and inclusive growth in member states. This objective is fundamental to enhancing economic stability and promoting varying development levels across the European Union. The funds are designed to support initiatives that encourage job creation, boost competitiveness, and foster social inclusion, addressing the disparities that exist among regions within the EU. By focusing on smart growth, the funds help member states transition to a more resource-efficient, green, and competitive economy. Sustainable growth ensures that economic development balances with environmental sustainability, while inclusive growth aims to reduce poverty and social exclusion. This holistic approach is critical for the EU's long-term prosperity and cohesion.