Cohesion Policy of European Union after 2020. After accession to EU in 2004 European cohesion policy become key source of financing regional development in Poland. In first part of this paper regional context of EU cohesion policy is presented. In second part issues of current architecture of cohesion policy for 2014-2020 are tackled, also importance of Europe 2020 strategy is shown. In third part expected changes in European cohesion policy post 2020 and key outlines concerning negotiation position of Poland are developed.