Press Release: European Commission adopts ‘Partnership Agreement’ with Sweden on using EU Structural and Investment Funds for growth and jobs in 2014-2020

The European Commission has adopted a ' Partnership Agreement ' with Sweden setting down the strategy for the optimal use of European Structural and Investment Funds throughout the country. The agreement from 29 October 2014 paved the way for investing €2.1bn in total Cohesion Policy funding (from the European Social Fund and the European Regional Development Fund) over 2014-2020 (current prices, including European Territorial Cooperation funding and the allocation for the Youth Employment Initiative). Sweden also received close to €1,763m for rural development and €120 million for fisheries and the maritime sector.

The EU investments will help tackle unemployment, boost competitiveness and economic growth through support to innovation, training and education in cities, towns, rural and coastal areas. They will also promote entrepreneurship, fight social exclusion and help to develop an environmentally friendly and a resource-efficient economy.

• Primary Source

European Commission: RAPID: MEMO/14/331: Q&A on the "Partnership Agreements" between the European Commission and the EU Member States on European Structural and Investment Fund investments for 2014-2020 http://europa.eu/rapid/press-release_MEMO-14-331_en.pdf

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