The MED transnational programme supports the sharing of experiences, knowledge, and the improvement of public policies between national, regional and local authorities and other territorial actors of eligible regions of the MED area. It includes 57 regions from 10 different EU countries (Malta, Italy, Spain, France, Cyprus, Greece, Croatia, Slovenia, Portugal and the United Kingdom) and 3 candidate countries (Albania, Bosnia-Herzegovina and Montenegro). Its main purpose is to contribute towards the long term development of the Mediterranean area and to strengthen transnational cooperation between regions and participating countries. The programme, which is co-financed by the European Regional Development Fund (ERDF), covers the following thematic objectives:
EU Grant: EUR 224 million ERDF
Co-Financing Rate: 85%
The ERDF co-financing rate for economic operators and structures concerned by state aid can be either 85% or 50%.