8. Serve the public interest, not private profit
Cohesion policy is based on regional strategies aimed at increasing economic, social and territorial cohesion and thereby ensuring the balanced and harmonious development of the EU as a whole. It supports investment through “patient capital” as part of a long-term approach to funding essential services and infrastructure. Such an approach does not fit the logic of making quick profits. Grants rather than loans must remain the main policy tool of cohesion policy.