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

The European Commission adopted on the 17 October 2014 a "Partnership Agreement" with Austria setting down the strategy for the optimal use of European Structural and Investment Funds throughout the country. This "Partnership Agreement" paved the way for investing €3.9 billion for rural development and €1.24 billion in total Cohesion Policy funding over 2014-2020 (including European Territorial Cooperation funding). Austria also received €6.96 million from the Maritime and Fisheries Fund.

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

• Primary Source

ESO: Background information: European Commission adopts EU's first ‘Partnership Agreement’ on using EU Structural and Investment Funds for growth and jobs in 2014-2020 http://www.europeansources.info/record/press-release-european-commission-adopts-eus-first-partnership-agreement-on-using-eu-structural-and-investment-funds-for-growth-and-jobs-in-2014-2020/

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