The Algarve has "one of the highest commitment rates in the regional operational programs of the current Portugal 2020 community framework", according to Francisco Serra, president of the Algarve's Regional Coordination and Development Commission (CCDR).
The commitment rate of CRESC Algarve «at the moment is in the order of 40% and, by the end of this year, we hope to reach a value close to 60%». briefings, promoted by the Regional Delegation in the Order of Economists, in Faro.
The president of CCDR Algarve said that "the merit of these Portugal 2020 results is due to the companies and municipalities that realized the need to present innovative projects aligned with the smart specialization strategy".
One of the examples among several replicable on a national scale is the of Infralobo.
CRESC Algarve 2020 has 319 million euros of funds from the European Union (ERDF and European Social Fund), with 140 million for companies.
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