The document summarizes the current use and structure of EU regional funds, outlines the process and timeline for developing the future EU regional policy strategy, and presents initial positions on the future of the policy. The main funds are the ERDF, ESF, and Cohesion Fund, which are allocated based on GDP per capita. Key debates around the future policy focus on improving use of local resources, concentrating on priorities like innovation and climate change, and simplifying management. Positions varied but most saw a need for the policy to remain balanced across regions while addressing budget constraints.