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EU investment in the outermost regions of Madeira, Canary Islands and Azores

25 Sep 2015
Cross-border initiatives to protect the fragile environment boost tourism, economic growth and link research and development will be at the heart of the new cooperation programme ("Interreg") between Spain and Portugal and Cabo Verde, Mauritania and Senegal.

The European Commission adopted in June 2015 the new cooperation programme ("Interreg") between Spain and Portugal (Madeira, Canary Islands and Azores) and Cabo Verde, Mauritania and Senegal, worth more than €110.6 million from the European Regional Development Fund (ERDF). Its total budget amounts to €130 million, with national funding included.


The programme will promote a better integration of research and development capacities on the multiple sides of the maritime border to fully exploit the economic potential of the region. At the same time, it will address the challenges linked to climate change, in particular with a global risk management approach with all relevant stakeholders. Actions in these two main priorities will be complemented by efforts to foster closer legal and administrative cooperation to create a fully integrated border region.


This first call for cross-border projects will be launched in 2015. From the creation of cross-border research networks and the joint management of environmental protection areas to cross-border activities in the tourism sector – projects will receive up to 85% of EU funding for their activities.


For more information: Official Press Release


Source: EC InfoRegio website