The main objective of the Interreg MED Programme is to promote sustainable growth in the Mediterranean area by fostering innovative concepts and practices and a reasonable use of resources and by supporting social integration through an integrated and territorially based cooperation approach.
In the period 2014-2020, Interreg MED Programme will promote cooperation between a varied typology of actors of these thirteen Mediterranean countries. Our aim lies in optimizing existing results achieved in the previous period as well as facilitating new cooperation frameworks for all partners situated in the Programme cooperation area.
Accordingly, Interreg MED Programme establishes the following key cooperation principles aiming at consolidating the character of future projects and their related activities:
These fundamental principles represent the DNA of the Interreg MED Programme and are coherent with the promotion of development, of good governance and supported by the European Union Cohesion Policy.
The total budget for the 2014-2020 period amounts to 265 Mio €, composed of 224 Mio € ERDF (European Regional Development Fund), 9 Mio IPA (Instrument of Pre-Accession) and national co-funding.
The co-financing rate for partners not concerned by state aid is 85%. The co-financing rate for economic operators and structures concerned by state aid is 85% or 50%.
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