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Commission adopts a "Partnership Agreement" with France on using EU Structural and Investment Funds for growth and jobs over the period 2014 2020

(08 August 2014)

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The European Commission has adopted a "partnership agreement" with France setting out the strategy for the optimal use of European Structural and Investment Funds in the country's regions and cities for 2014-2020.

This agreement paves the way for France's return to recovery and growth, and its transformation into a productive economy. It sets out how a total of €15.9 billion in Cohesion Policy funding (at current prices, including European Territorial Cooperation funding) and €11.4 billion for rural development is to be invested in the country's real economy. France will receive €588 million from the European Maritime and Fisheries Fund (EMFF).

The EU investments are intended to create sustainable high-quality jobs in order to combat unemployment and boost growth by supporting innovation, the low-carbon economy as well as education and training in both cities and rural areas. They will also promote entrepreneurship, fight social exclusion and make an important contribution to an environmentally friendly and resource-efficient economy.

Commenting on the adoption, Commissioner for Regional Policy, Johannes Hahn, said: "This investment plan will allow France to continue on the path to economic recovery and renewed growth for the coming decade. It reflects the commitment of both the European Commission and France to make the most of EU funding and ensure the French economy gets back on track. According to the new Cohesion Policy, the strategic focus of our investments must be on the real economy, sustainable growth and human capital. France has made wise choices, setting its investment priorities accordingly. Sectors such as innovation (smart specialisation) and energy (production of renewable energy, the improvement of energy performance, sustainable urban mobility) are essential for ensuring future growth in France."

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