Author (Corporate) | European Commission: DG Communication |
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Series Title | Press Release |
Series Details | IP/14/1213 (29.10.14) |
Publication Date | 29/10/2014 |
Content Type | News |
The European Commission adopted a ' Partnership Agreement ' with the United Kingdom on the 29 October 2014 setting down the strategy for the optimal use of European Structural and Investment Funds throughout the country. The agreement paved the way for investing €11.8bn in total Cohesion Policy funding over 2014-2020 (current prices, including European Territorial Cooperation funding and the allocation for the Youth Employment Initiative). The United Kingdom also received €5.18bn for rural development and €243m for fisheries and the maritime sector. The EU investments will help tackle unemployment and boost competitiveness and economic growth through support to innovation, training and education in cities, towns and rural areas. They will also promote entrepreneurship, fight social exclusion and help to develop an environmentally friendly and a resource-efficient economy. |
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Source Link | Link to Main Source http://europa.eu/rapid/press-release_IP-14-1213_en.htm |
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Subject Categories | Business and Industry, Politics and International Relations |
Countries / Regions | Europe, United Kingdom |