| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Memo |
| Series Details | MEMO/08/376 |
| Publication Date | 06/06/2008 |
| Content Type | News, Overview |
|
Summary: On 7 December 2007, the European Commission approved an operational programme of the European Regional Development Fund (ERDF) under the 'Convergence' objective in the Autonomous Communities of Andalusia, Castile-La Mancha, Extremadura and Galicia and the Cohesion Fund in the whole of Spain for the period 2007-2013. The programme has a total budget of around €6.1 billion. The maximum amount of Community funding for this programme is €4.9 billion, comprising €1.4 billion from the ERDF and €3.5 billion from the Cohesion Fund, representing about 13.9% of the EU's total investment in Spain under the cohesion policy 2007-2013. The planned national contribution amounts to €1.2 billion and may be made up partly of Community loans granted by the European Investment Bank (EIB) and other loan instruments. |
|
| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/08/376&format=HTML&aged=0&language=EN&guiLanguage=en |
| Subject Categories | Internal Markets |
| Keywords | Cohesion Fund [CF], European Regional Development Fund [ERDF] |
| Countries / Regions | Spain |
| International Organisations | European Union [EU] |
