EU launches plan for regional growth support

24 Jul 17

The European Commission last week unveiled a programme to help regions in member states to grow their economies by developing their main areas of competitive strength.

There will be tailored support for industrial transition to improve innovation capacity, remove investment barriers and equip citizens for each region’s ‘smart specialisation’ strategy.

EU funds will also be used to support 'bankable' interregional projects that can create European value chains in priority sectors such as big data, bioeconomy, resource efficiency, connected mobility or advanced manufacturing.

The commission will help member states address bottlenecks to growth, in particular by improving cooperation between businesses and universities.

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