Regional Policy aims to align Cohesion Policy funding with the Europe 2020 strategy to promote smart growth across EU regions. It encourages all regions to design 'smart specialisation strategies' to identify competitive strengths and focus resources on developing a limited number of innovation priorities. The European Commission will establish a Smart Specialisation Platform to assist regions in developing and reviewing their strategies. Strategies should be bottom-up and partnership-based, rather than imposed from above, to effectively promote innovation and unlock regional growth potential.