The MED programme is a transnational programme of European territorial cooperation. It is financed by the European Union as an instrument of its regional policy and of its new programming period. It continues the tradition of the European programmes for cooperation (previously named Interreg).
The transnational setup allows the programme to tackle territorial challenges beyond national boundaries, such as environmental risk management, international business or transport corridors. So far, 155 projects have been programmed, co-funded by the European Regional Development Fund (ERDF) up to a rate of 85%.
With a budget of more than 250M€ (whose 193M€ of ERDF), the Programme will launch, until exhaustion of its ERDF envelope, calls for projects to build transnational partnerships aiming at meeting the priority objectives of the Programme in the Mediterranean space.
- To improve the area’s competitiveness in a way that guarantees growth and employment for the next generations (Lisbon strategy).
- To promote territorial cohesion and environmental protection, according to the logic of sustainable development (Goteborg strategy).