Cyprus and other Mediterranean countries join forces for smart growth

Cyprus and other Mediterranean countries join forces for smart growth

Regions from Cyprus and nine other Mediterranean EU member states, as well as from three candidate countries join their forces to promote smart and sustainable growth, in the framework of the 2014-2020 MED transnational cooperation programme.

According to a relevant announcement, the European Commission adopted today the programme, worth more than €275 million, with €224 million from the European Regional Development Fund (ERDF). A further €9.3 million has been allocated to the programme from the EU`s Instrument for Pre-Accession (IPA).

The programme will promote cooperation between regions from 10 EU Member States (Portugal, Spain, France, Italy, Slovenia, Croatia, Greece, Malta, Cyprus, UK – Gibraltar) and 3 candidate countries (Bosnia-Herzegovina, Montenegro, Albania).

Among its main priorities are boosting innovation through collaboration between SMEs, public authorities and research bodies, investing in the low-carbon economy, protecting natural and cultural resources, and biodiversity, as well as enhancing Mediterranean governance through cooperation projects.

The programme aims to foster innovation of public and private actors in green and blue growth sectors, raise the capacity for better management of energy in public buildings increase access and use of sustainable transports systems and improve by 10% the level of sustainability of tourism in MED coastal regions.

The launch of the programme will take place on June 23, in Marseille, the announcement concludes.