CCDR wants to execute 80% of CRESC Algarve 2020 community funds by the end of 2022

It is necessary to “accelerate” the projects that have already seen the co-participation approved

Ending the year with an implementation rate of CRESC Algarve 2020 of 80% was the objective set today, July 4th, by José Apolinário, president of the Algarve Regional Coordination and Development Commission, during another meeting with journalists to provide accounts on the application of European funds in the region.

At the moment, 64,58% of the 318 million euros of this Operational Program directed specifically to the Algarve region have already been executed – «on 30 June, the execution was 64,54%».

In this way, «roughly, 35% of the total budget remains to be executed», something that will have to be done «in the next 18 months». as the deadline for using funds from the current Community Support Framework is December 31, 2023.

«Taking into account that in the last 18 months we have executed 23% of the budget, we will have to accelerate a little», warned the also Directive Committee of the Management Authority of CRESC Algarve 2020. In this period, the execution rate of the Regional Operational Program went from 42,18 .64,54% to XNUMX%.

To reach «79% or 80% execution by the end of 2022», it will be necessary to «execute 14 to 15% in the next six months».

“By the end of 2022, we need to increase execution by 17 million euros on the side of municipalities, 16 million euros on the side of companies and science and by 11 million euros in the European Social Fund”, he summarized.

«Until June 30, CRESC Algarve 2020 - Regional Operational Program of the Algarve, approved 1555 applications representing an eligible investment of 610 million euros, which corresponds to community funding of 345 million euros and an execution of 321 million euros . The payments made amount to 212 million euros'.

As for the destination given to the funds already executed, José Apolinário highlights the areas «of education, with a lot of investment in schools», as well as «the cultural heritage, such as the José Formosinho Museum, in Lagos, the António Pinheiro Cineteatro, in Tavira, and the Islamic Baths of Loulé».