EUR 15 bn from ERDF for sustainable urban development

DSCF1303”At least 50% of the ERDF resources for the period (2014-2020) will be invested in urban areas. This could increase even further, later in the period.Around 15 billion euros from the ERDF will be directly allocated to integrated strategies for sustainable urban development. About 250 cities will be empowered to implement these integrated strategies for sustainable urban development,” Commissioner for Regional Policy Corina Crețu said on the occasion of the 4th meeting of the Capital Mayors, in Vienna.
These figures speak by themselves, and highlight the great opportunity that is offered now to European cities. This is only a starting point. Now, it is time to transform these programmes and objectives into a reality. As stated in the Commission’s Work Programme for 2015, we seek to build a closer partnership with Member States, national Parliaments, regions and cities, in order to bring both better implementation of existing policies and effectiveness of action on the ground, the Commissioner mentioned.

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