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Three New Initiatives for Regional Development launched by the Cooperating Institutions
The cooperating institutions have formally agreed the first series of new
initiatives aimed at improving the quality of projects and accelerating the
absorption of financial resources for investment conducive to regional
development.
The European Commission, the European Investment Bank and the European Bank
for Reconstruction and Development signed the Memorandum of Understanding on
JASPERS (Joint Assistance to Support Projects in European RegionS), the
technical assistance vehicle that will help national and regional authorities
to prepare projects for funding by the EU budget. JASPERS will provide
assistance at any stage of the project cycle from initial conception through
to the final application for EU funding or the decision to provide EU funding
by national authorities. The assistance may cover technical, economic and
financial aspects and any other preparatory work needed to deliver a fully
developed project.
The European Commission and the European Investment Fund concluded the
Memorandum of Understanding on JEREMIE. This will enable Member States and
Regions to leverage on their structural funds allocations in a more efficient,
flexible and revolving manner to support, mainly innovative micro, small and
medium scale enterprises through new financial instruments.
The European Commission, the European Investment Bank and the Development Bank
of the Council of Europe approved a Memorandum of Understanding on Urban
Development to open a common and innovative approach. Under this initiative
solutions to stimulate urban development will be sought jointly. In
particular, the three institutions will follow a coordinated approach to the
financing of urban renewal and development, for the programming period
2007-2013 of the Community Structural Funds.
For further information visit: http://www.eib.org/epe
Contact at EIB: Mr. Orlando Arango
mobile: +32 479 79 14 33;
ph.:
+32-2 235 00 84;
fax: +32 2 230 5827;
e-mail: o.arango@eib.org;
website: http://www.eib.org.
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