The European Commission approved the mid-term reprogramming of the Algarve 2030 Regional Program, allowing the region to meet the implementation target provided for by the N+3 rule in 2025, without loss of community funds due to the so-called guillotine rule.
According to CCDR Algarve, this approval resulted from the combination of the reprogramming of the program and the acceleration of implementation on the ground by the beneficiaries, allowing the N+3 target, set at around 106 million euros, to be exceeded in 2025, reaching 107% of that value.
As part of the 2025 mid-term review, approved by the European Commission, the reprogramming of the Algarve 2030 Regional Program integrated new strategic priorities, namely competitiveness and decarbonization, defense and security, affordable housing and water resilience.
According to CCDR Algarve, allocations were reinforced in areas such as sustainable water management, the development and manufacture of critical technologies, defense, response to natural disasters and affordable housing.
In total, around 114 million euros of Cohesion Policy Funds were allocated to these strategic priorities, representing approximately 14% of the program’s overall allocation. Affordable housing concentrates 60 million euros, while strengthening the competitiveness of the regional business fabric and economic diversification are ensured by 34 million euros allocated to the digital, biotechnology and cleantech (18 million) and the defense industry (16 million). In addition, the mobilization of 20 million euros to reinforce regional water resilience in the declining urban water cycle.
It emphasizes that “the full implementation of Algarve 2030 and the demanding goals of the year 2026 requires the commitment of the beneficiaries to quickly operationalize the operations already approved, and it is essential that the contracting procedures associated with them progress during the first quarter, ensuring sufficient and timely execution throughout the year”.
According to the entity, “only with alignment between programming and execution will it be possible to guarantee the full mobilization of available funds and sustained fulfillment of the Algarve 2030 goals, ensuring that the new strategic priorities translate, in a timely manner, into concrete benefits for the region’s citizens”.
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