Malta allocated around €725 million in total Cohesion Policy funding
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In 2014-2020, Malta will manage two operational programmes under EU Cohesion Policy. Of these, one will receive funding from the European Regional Development Fund (ERDF) and Cohesion Fund and one will receive funding from the European Social Fund (ESF) and possibly also ERDF.
How much will the EU invest in Malta from 2014-2020?
For 2014-2020, Malta has been allocated around €725 million (current prices) in total Cohesion Policy funding:
€490.2 million for transition regions (the entire country is classified as a transition region)
€217.7 million through the Cohesion Fund
€17 million for European Territorial Cooperation
Of this, ESF in Malta will represent a minimum of €105 million. The actual share will be set in light of the specific challenges the country needs to address in the areas covered by the ESF.
The priorities for Malta will be set out in a Partnership Agreement with the European Commission. These priorities are expected to include:
Developing an innovation-friendly business environment (enhancing R&I infrastructure, promoting indigenous R&I investments, as well as entrepreneurship and competitiveness of SMEs).
Supporting environment-friendly and resource-efficient economy (renewable energy, energy efficiency, improved waste and water management, sustainable mobility and low-carbon transport systems).
Increasing labour market participation (integration of vulnerable groups, in particular women and older people, improving the quality of education).