Navigation path

The ESF in the news

Investment programme adopted to boost innovation and growth in the region of Prague

11/06/2015

map showing the Czech Republic
© European Union

Specific programme for capital city designed to adequately address the urban challenges faced by Prague

The European Commission has adopted the Operational Programme “Prague – Growth Pole of the Czech Republic” to support Prague with the necessary means to develop into a competitive economy based on innovation and research.

Worth more than €403 million in total, the programme includes an EU contribution of €201.5 million from the European Social Fund and the European Regional Development Fund. More than one million citizens living in Prague will benefit from those investments in terms of job creation and improved quality of life.

Strengthening research, technological development and innovation in particular by enhancing the cooperation between the public, private and academic sectors and by allowing for an easier establishment and development of knowledge intensive enterprises based in Prague will be the key focus of the programme.

The programme also foresees concrete measures to strengthen the inclusion of different social groups within the city, for example through the support of various local community-based services. The programme will support 112 facilities and 30 companies providing social services. It will also improve the quality and inclusiveness of early-childhood, primary and secondary education through the development of teachers’ competences and meeting the individual needs of every pupil. More than 3 000 jobs in childcare and education facilities are expected to be created. On the whole, almost 33 000 people will be supported by the ESF under the programme.

The Operational Programme is structured along the following five priorities:

1)   31% allocated to research and innovation (EUR 125 million)

2)   30% allocated to supporting mobility and energy savings (EUR 121 million)

3)   Almost 13% for social inclusion and combating poverty (EUR 51.6 million)

4)   Around 22% for education, learning and support of employment (EUR 89.5 million)

5)   Technical assistance: 4% (EUR 16.1 million)