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

The European Commission adopted a "Partnership Agreement" on 29 October 2014 with Luxembourg setting down the strategy for the optimal use of European Structural and Investment Funds throughout the country. This agreement paved the way for investing €101m for rural development and €60m in total Cohesion Policy funding over 2014‑2020 (current prices, including European Territorial Cooperation funding.

The EU investments aimed to 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

European Commission: Regional Policy: Cohesion Policy: Achievements and future investments: Factsheets: Luxembourg http://ec.europa.eu/regional_policy/information/cohesion-policy-achievement-and-future-investment/factsheet/luxembourg_en.pdf

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