On 14th March 2012, the European Commission presented the "Common Strategic Framework" (CSF) which aims to help Member States in preparing the use of Structural Funds for the period 2014-2020. This Framework is intended to help in setting clear investment priorities in Member States and their regions.
The Framework recognises the potential of culture, including cultural and creative industries and cultural heritage, in boosting the socio-economic development of regions across the European Union. It provides ample opportunities for supporting culture, from investments in the development of creative hubs or creative skills, to investments in the protection and enhancement of cultural heritage, as well as in research, innovation, competitiveness and entrepreneurship in cultural and creative industries.

More information: http://ec.europa.eu/culture/news/eu-cohesion-policy_en.htm