Convergence regions are those with a GDP/capita of less than 75% of the average of the average GDP/capita of EU-25. Convergence regions are eligible for funding from the European Regional Development Fund (ERDF), the Cohesion Fund and the European Social Fund (ESF).

According to DG REGIO there are 99 Convergence regions in the current programming period. The total budget allocated for these regions is €283.3 billion, which represents about 82% of the total Cohesion Policy budget.