CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Gibraltar Gets Euros 8.38m Funding Under EU Programme

Gibraltar Gets Euros 8.38m Funding Under EU Programme

Iberia News

05 December 2000


This story is reproduced by kind permission of Panorama at http://www.iberianews.com

According to a statement issued by the European Commission Gibraltar has been allocated 8.38 million euros as part of the 750 m package of support given to UK regions. The programme claims the EU will attract new investment from all sources of more than 19.5m euros. Different elements of the programme will focus respectively on the development of SMEs in growth sectors and on preserving the environmental uniqueness and the cultural heritage of the peninsula.

The programme aims to create 70 new SMEs and to assist another 140 in developing further their business activities. A particular feature is to secure a considerable increase in the number of tourists. In the end, the programme should create sufficient jobs to reduce current unemployment by around two-thirds.

More generally, the three programmes will be financed by the European Regional Development Fund. Related development efforts financed by the European Social Fund, the European Agricultural Guidance and Guarantee Fund and the Financial Instrument for Fisheries Guidance will be delivered through separate programmes, although particular attention has been given to the complementarity between the different actions.

Three themes, representing particular European priorities, run as common threads across all of the programmes: equal opportunities between men and women; sustainable development - where the UK has agreed to ensure that its obligations under the NATURA 2000 directives will be respected; the development of the information society.

The final decision on these three programming documents will be taken by the Commission after they have been considered by the Committee on the Development and Conversion of Regions.

The full text of the EU Statement can be found at http://www.iberianews.com/archive/nov25/zzfri6.htm

.

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »