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EU Regional and Urban Policy: Challenges Ahead (Real Economy Investment…
EU Regional and Urban Policy:
Challenges Ahead
Real Economy Investment Plan
Make strategic invesmtnes in key economic sectors by addressing market failures, increasing private sector financing and ensuring effective use of public funds
European Fund for Strategic Investment + European Structural and Investment Fund
= combine to create synergies
By doubling financial instruments... by giving them a stronger role, covering more areas, providing advice/assistance and monitoring
SME Initiative
: Use scarce public resources as catalyst to generate additional private funding for SMEs (loans, guarantees, equity)
Better Implementation
: Maximise use of EU funds in 8MS by: identifying obstacles, finding flexibilities, identify MS-specific key actions, create specific action plans, ensure knowledge sharing and good practice and measure/share results
Smart Growth:
use ESI Funds in R&D, IT and SMEs through requirements and significant allocation of funds to innovation
Place based innovation driven growth strategies based on competitive advantage, small number of priorities, critical mass of resources and talent and collaborative leadership
Support regions and MS to develop and implement innovation strategies through: providing advice, mapping specialisation of areas, mutual learning and MS cooperation and launch a European Smart Specialisation Platform on Energy
Invest in transport across EU to make infrastructure safer, cleaner and multi-modal
Reduce bottlenecks and increase synergies
Other EU Policies:
Digital Single Market - invest in IT infrastructure in a productive way (broadband)
Energy Union: efficiency, aquis and better implementation
Social Policy: reduce disparities between MS through coherent framework, utilise European Social Fund, poverty-reduction
Macro-Regional Strategies: cooperation not only between MS but global countries to address common challenges
Urban Agenda and Sustainable Agenda: integrated strategies to tackle urban challenges, autonomy of cities to manage funding, Smart Cities and support innovative projects and social inclusion
Build Up Institutional Capacity
a pre-condition for effective implementation of funds
Create a single EU Investment Advice Hub
Use 'Joint Assistance to Support Projects in European Regions' to improve the quality of major projects
Support the better use and take up of ESIF financial instruments on the ground with events, website, seminars etc.
Must be simplified with common rules, e-cohesion, simplified costs and overall an independent monitoring group
Lagging Regions Project: identify investment bottlenecks = recommendations on how to unlock growth potential
Legality & Regularity of Error & Fraud
:
to protect the EU budget
Preventative and corrective action, integrity pacts, zero-tolerance policy, reinforce provisions for this
Close relations with the Court of Auditors to enable specific action, dress root causes of errors, create a competence centre and the management of verifications/controls
Prepare for the Future
:
the Post-2020 Plan and Macro-economic Significance for Europe
Involving all important stakeholders
Develop the new role of ESI Funds as main instrument of public investment in many Member States and their role in a post-crisis strategy
Leah Fowler - 1481924