STRUCTURAL FUNDS: Partnership Agreement with France adoptedAugust 8, 2014
Hat: The European Commission has adopted a "partnership agreement" with France
Funding Scheme: 2014-08-08
Pgm2014 2020: Yes
The European Commission has adopted a “partnership agreement” with France setting out the strategy for the optimal use of European Structural and Investment Funds in the country’s regions and cities for 2014-2020.
This agreement paves the way for France’s return to recovery and growth, and its transformation into a productive economy. It sets out how a total of EUR 15.9 billion in Cohesion Policy funding (at current prices, including European Territorial Cooperation funding) and EUR 11.4 billion for rural development is to be invested in the country’s real economy. France will receive EUR 588 million from the European Maritime and Fisheries Fund (EMFF).
The EU investments are intended to create sustainable high-quality jobs in order to combat unemployment and boost growth by supporting innovation, the low-carbon economy as well as education and training in both cities and rural areas. They will also promote entrepreneurship, fight social exclusion and make an important contribution to an environmentally friendly and resource-efficient economy.
The European Structural and Investment Funds (ESI Funds) in France comprise the following:
– The European Regional Development Fund
– The European Social Fund
– The European Maritime and Fisheries Fund
– The European Agricultural Fund for Rural Development
Url description: Press of the european Commission
Url info description: http://europa.eu/rapid/press-release_IP-14-906_en.htm