The EU needs to close a competitiveness gap and boost investment: What is the role of subnational governments and cohesion policy?

The EU must urgently enhance competitiveness in green and digital transitions, requiring significant investment. Public investment challenges and requirements call for a cohesive approach, involving both national and subnational governments. Learning from past experiences, a well-coordinated, place-based strategy is crucial for effective investment policies and to avoid spatial imbalances in the European social model.