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

The European Commission adopted a ' Partnership Agreement ' with Spain setting down the strategy for the optimal use of European Structural and Investment Funds throughout the country. The agreement from the 30 October 2014 paved the way for investing €28.58bn in total Cohesion Policy funding over 2014-2020 (current prices, including European Territorial Cooperation funding and the allocation for the Youth Employment Initiative). Spain also received €8.29bn for rural development and €1.16bn 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.

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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