In line with the Europe 2020 Strategy for smart, sustainable and inclusive growth and economic, social and territorial cohesion, the programme defines the following priorities:
1- Supporting research, development and innovation (€61.5m national funds, €245.8m ERDF funds)
2- Supporting competitiveness of small and medium-sized enterprises (€77.8m national funds, €311.1m ERDF funds)
3- Supporting the reduction of CO2 emission (€52.7m national funds, €210.7m ERDF funds)
4- Supporting inclusive sustainable urban development (€40.4m national funds, €161.5m ERDF funds)
Technical assistance (€9.7m national funds, €38.7m ERDF funds).
Mecklenburg-West Pomerania could economically catch-up during the last two decades, not least thanks to EU ERDF funds. However, the state is still below economic performance and income of developed regions in Europe. Thus promoting regional convergence receives top priority on the agenda for ERDF investment in order to reduce unemployment and to mitigate the consequences of demographic change.
ERDF funds particularly target innovation capacity and competitiveness of regional companies and their R&D efforts in order to broaden the economic base of the state and to create employment. Thus, the OP foresees to invest about 25% of the total ERDF budget for priority 1 (Research, development and innovation), and about 32% for priority 2 (Competitiveness of small and medium-sized enterprises), while about 22% are foreseen for priority 3 (reduction of CO2 emissions) and about 17% for priority 4 (Inclusive sustainable urban development).