STRUCTURAL FUNDS : a new agreement with the Czech RepublicAugust 26, 2014
Hat: The Structural Funds in the Czech Republic for 2014-2020
Funding Scheme: 2014-08-26
Pgm2014 2020: Yes
European Commission adopts ‘Partnership Agreement’ with the Czech Republic on using EU Structural and Investment Funds for growth and jobs in 2014-2020.
The European Commission has adopted a “Partnership Agreement” with the Czech Republic setting down the strategy for the optimal use of European Structural and Investment Funds throughout the country. Today’s agreement paves the way for investing €22 billion in total Cohesion Policy funding over 2014-2020 (current prices, including European Territorial Cooperation funding and the allocation for the Youth Employment Initiative). The Czech Republic also receives €2 billion for rural development and €31 million for the fisheries sector.
The EU investments will help tackle unemployment and boost competitiveness and economic growth through support to innovation, training and education in cities, towns and rural areas. They will also promote entrepreneurship, fight social exclusion and help to develop an environmentally friendly and a resource-efficient economy.
The European Structural and Investment Funds (ESIF) are:
• The European Regional Development Fund
• The European Social Fund
• The Cohesion Fund
• The European Maritime and Fisheries Fund
• The European Agricultural Fund for Rural Development
All Member States have now presented their Partnership Agreements to the Commission. The adoption of these agreements will follow after a process of consultation.
Url description: Press of the European Commission
Url info description: http://europa.eu/rapid/press-release_IP-14-947_en.htm