Europe 2020 puts forward three mutually reinforcing priorities.

• Smart growth: developing an economy based on knowledge and innovation.

• Sustainable growth: promoting a more resource efficient, greener and more competitive economy.

• Inclusive growth: fostering a high-employment economy delivering social and territorial cohesion.

Sets targets as:

• 75 % of the population aged 20-64 should be employed.

• 3% of the EU's GDP should be invested in R&D.

• The "20/20/20" climate/energy targets should be met (including an increase to 30% of emissions reduction if the conditions are right).

• The share of early school leavers should be under 10% and at least 40% of the younger generation should have a tertiary degree.

• 20 million less people should be at risk of poverty.

Seven flagship initiativesto catalyse progress

• "Innovation Union"
to improve framework conditions and access to finance for research and innovation so as to ensure that innovative ideas can be turned into products and services that create growth and jobs.

• "Youth on the move"
to enhance the performance of education systems and to facilitate the entry of young people to the labour market.

• "A digital agenda for Europe“
to speed up the roll-out of high-speed internet and reap the benefits of a digital single market for households and firms.

• "Resource efficient Europe"
to help decouple economic growth from the use of resources, support the shift towards a low carbon economy, increase the use of renewable energy sources, modernise our transport sector and promote energy efficiency.

• "An industrial policy for the globalisation era"
to improve the business environment, notably for SMEs, and to support the development of a strong and sustainable industrial base able to compete globally.

• "An agenda for new skills and jobs"
to modernise labour markets and empower people by developing their of skills throughout the lifecycle with a view to increase labour participation and better match labour supply and demand, including through labour mobility.

EU2020 Flagships