The document summarizes the Europe 2020 strategy and key EU funding programmes for 2014-2020. The Europe 2020 strategy has five headline targets for employment, R&D, climate change and energy, education, and poverty reduction. Major funding programmes include Horizon 2020 for research, Erasmus+ for education and job skills, and structural funds distributed to EU regions based on economic needs. Cohesion policy allocates over half of structural funds to less developed regions. Other programmes support sustainable growth, global development, security and citizenship, and EU administration.