(04 June 2015) – The European Commission adopted yesterday the 2014-2020 MED transnational cooperation programme.
MED is 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 and Gibraltar) and 3 candidate countries (Bosnia-Herzegovina, Montenegro and Albania).
MED will focus on four main priorities:
- Boosting innovation through collaboration between SMEs, public authorities and research bodies.
- Investing in the low-carbon economy, through energy efficiency, renewable energy production and use, as well as low carbon mobility.
- Protecting natural and cultural resources, and biodiversity, through joint analysis and planning, as well as the transfer of good practice.
- Enhancing Mediterranean governance through cooperation projects involving regional, national and international partners, in order to improve decision-making processes and develop common strategies.