The first programme of the new NSRF “Competitiveness 2021-2027” was approved today by the European Commission.

The programme has a public cost of 3.9 billion euros of which 3.1 billion euros derive from Community resources from the ERDF and ESF+ funds.

Key Investment Axes

The Competitiveness 2021-2027 strategy is organised around four main investment axes under the respective Funds:

  • Support for research and innovation (ERDF)
  • Boosting entrepreneurship and competitiveness (ERDF)
  • Improving access to finance for businesses (ERDF)
  • Human capital development in the context of growth transformation (ESF+)

Indicative NSRF Actions

Indicative Actions of the Programme are the following:

  • Supporting productive investment with a focus on innovation, technological adaptation, digital transformation and the shift to environmentally friendly processes and products
  • Developing the production of internationally tradable products and services
  • Supporting new/start-up entrepreneurship of high added value
  • Supporting the development/adoption of innovations
  • Business support services and the creation of an enabling business environment
  • Upgrading and qualitative modernisation of the tourism product
  • Encourage clusters and/or partnerships between SMEs and/or with larger enterprises
  • Development / Upgrading of entrepreneurship support structures / mechanisms
  • Environmental infrastructure / green growth

Among the emblematic actions of the programme are:

  • Research – Create – Innovate
  • Equifund
  • Green Fund for Sustainable Development

For more information on the new NSRF, visit this link.

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