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Friday, December 22, 2017

Additional EU support for growth, jobs and investment in Spain

Any fields, Energy, Environment, Services, Co-op & Development, Trade,-,

News After the 2016 re-evaluation of all national Cohesion Policy budgets for 2014-2020, the EU will allocate to Spain an additional  2.1 billion euro.

Of this 2.1 billion euro , 1.2 billion euro comes from the European Regional Development Fund (ERDF), with more specifically: 345 million to invest in sustainable urban development; 238 million euro supporting research and innovation; 192 million euro for Spanish small and medium-sized enterprises, in particular through the SME Initiative; 125 million euro in energy efficiency and renewable energy and 111 million euro in digital technologies. As for the investments of the European Social Fund (ESF), which represent 40% of the new envelope (859 million euros), they will be dedicated to fight poverty and long-term unemployment.

Source :  Press room - European Commission


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