European Approaches to the Development and Implementation of Regional and Territorial Development Projects

Abstract

Regional development is one of the key factors in the implementation of the EU strategic goals. The regional development policy of the European Union includes a large number of activities and programs whose main goal is to ensure the economic, social and territorial development of various regions and territories of the EU. The role of the regional policy of the European Union in the implementation of the socio-economic development of regions and territories, based on the principles of justice, balance and complexity, has been determined. Approaches to the formation of regional development policy in some European countries are analyzed and key features and trends are allocated. It is determined that the regional development of countries that take into account current trends and opportunities of territories serves as a driver of sustainable and high-performance development of the EU. The article examines and analyzes in detail the features of the development of territorial development projects and identifies such aspects as features of regional policy, approaches to the implementation of territorial development projects, sources of financing, directions of territorial development and the level of involvement of stakeholders. These aspects are key in the formation of territorial development projects, and their effective implementation contributes to the achievement of strategic goals, increasing the level of socio-economic status and competitiveness of individual territories and countries as a whole. A comparative analysis of the characteristics of the development and implementation of territorial development projects in EU countries has been carried out. It is concluded that each of the countries that have been studied has a personal list of aspects of the implementation of regional policy, but they are united by a common goal: sustainable, balanced and systematic European spatial development.