EU Cohesion Policy: €467 million for cooperation actions in the North West Europe, Atlantic and Arctic area

Thanks to the adoption of three Interreg transnational programmes, the Commission will invest €467 million from European Regional Development Fund in the 2021-2027 programming period for cooperation actions in the North West Europe, Atlantic and Arctic area – especially, in the field of environment and resilience against climate change. Commissioner for Cohesion and Reforms, Elisa Ferreira, said: “The northernmost parts of Europe and the Atlantic and Arctic territories are defined by harsh climate, sparse population with distinctive cultural identity and extreme peripherality from the economic centres but also great opportunities for development. Cohesion Policy is there to help these regions and their population to cooperate, face challenges and grab opportunities to develop the huge potential of the area, its green development and renewable energy resources.” The Interreg Northern Periphery and Arctic programme worth €43 million, will promote projects in the field of energy efficiency in climate change adaptation and disaster risk prevention and in the transition to a circular and resource efficient economy. Interreg North West Europe programme, worth €310 million, will finance projects on smart climate and environmental resilience, smart and just energy transition and transition towards a place-based circular economy. Finally, the Interreg Atlantic Area programme, worth €113 million, will support stakeholders to cooperate on both green and blue economy – for example, by investing in projects on innovation, social matters for youth employability and governance. More details are available here.