Algarve news and information portal - AlgarveMais

THE European Union has announced two programmes which will bring millions of euros to the Algarve. The first, dubbed the ‘Algarve Regional Operational Programme’ sets out Community support for Portugal within the convergence objective framework. Community funding for this programme, through the European Regional Development Fund (ERDF), amounts to some 175 million euros, which represents approximately 0.8 per cent of the total EU investment in Portugal under the 2007-13 Cohesion Policy.

The main goal of the Algarve Operational Programme is to set the position conditions of the Algarve region, within the context of the knowledge society, as a dynamic and competitive region. The strategy underlying the programme is designed to increase tourism, productivity and competitiveness performances by boosting the region’s economy and implementing a balanced and competitive territorial management structure that is compatible with sustainable and environmentally friendly development.

The programme also aims to provide entrepreneurial incentives towards the environment that lead toward the modernisation of regional productive structures, the promotion, consolidation, enhancement and development of tourism and leisure activities.

The second programme, dubbed the ‘Mediterranean Programme’, is a transnational cooperation operational programme under the European Territorial Cooperation Objective, co-funded by the European Regional Development Fund (ERDF).

The Programme aims to strengthen the region’s economy in order to ensure growth and employment for future generations. It also aims to support territorial cohesion and improve the region’s environmental protection and sustainable development credentials, as well as to fund projects that aim to prevent and fight natural disasters.

 

source: http://www.euroweeklynews.com