European Partnership Agreements – Halfway there!

September 9, 2014

The European Commission (EC) has now reached the halfway point in its Partnership Agreement. 14 Member States’ agreements have been adopted, with the rest to follow soon.

Partnership agreements, made between the EC and individual EU countries, outline the EC’s plans to utilise the European Structural and Investment Funds (ESIF) from now until 2020. More specifically, they set out each country’s strategic goals and priorities for investment, connecting them to the overall aims of Europe 2020: to achieve smart, sustainable and inclusive growth.

The European Maritime and Fisheries Fund (EMFF) will work alongside another four ESIF in an effort to combat unemployment and increase competitiveness and economic growth in European cities, towns and rural areas. By supporting innovation and providing training and education, the funds will together promote entrepreneurship, social inclusion and engender an environmentally friendly and resource-efficient economy.

EMFF: The facts

The EMFF funds maritime and fisheries policies in the EU until 2020. It:

  • Helps fishermen make the transition to sustainable practices
  • Finances projects that will create new jobs and improve quality of life along European coasts
  • Encourages coastal communities to diversify their economies

The fund co-finances projects alongside national funding in a step by step process:

  1. Each country is allocated a portion of the total fund, based on the size of its fishing industry
  2. Each country then draws up an operational programme, detailing how it intends to spend the money
  3. Once this is approved by the EC, the national authorities decide which projects will be funded
  4. Together, the EC and national authorities are responsible for implementation of the programme

To see a full country by country list of progress in the Partnership Agreements, click here.