Croatia EU Grants 2014-2020 Budget Breakdown
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The document discusses EU grants available to Croatia for 2014-2020. It shows that Croatia will receive a total of €12.3 billion from various EU funds. The largest allocations are €5.8 billion for less developed regions and €2.3 billion for rural development. It also outlines that Croatia's entire territory qualifies for regional aid as a region with GDP below 75% of the EU average until 2020. Maximum aid intensities for initial investments are 25% in continental Croatia and 35% in Adriatic Croatia.
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Croatia EU Grants 2014-2020 Budget Breakdown
- 4. Budget breakdown Croatia € - € 2,000 € 4,000 € 6,000 € 8,000 € 10,000 € 12,000 € 14,000 € 2,560 € 5,838 € 146 € 66 € 1,180€ 2,325 € 253 € 12,368 AxisTitle Cohesion Fund Less Developed Regions Transition Regions More Developed Regions Outermost and northern sparsely populated regions European Territorial Cooperatio n Youth Employme nt Initiative (additional allocation) Direct payments CAP Rural developme nt (7) CAP European Maritime and Fisheries Fund Nuclear decommiss ioning Total Croatia € 2,560 € 5,838 € 146 € 66 € 1,180 € 2,325 € 253 € 12,368 Croatia
- 5. • Under Croatia's regional aid map, the entire territory of Croatia will be eligible for regional aid as a region with a GDP below 75% of the EU average from 1 July 2014 to 31 December 2020. The map also defines the maximum aid levels (so-called "aid intensities") for initial investments by large enterprises at 25% of the total investment cost in continental Croatia (which comprises 67.05% of the total population of Croatia) and 35% of the total investment cost in Adriatic Croatia (which comprises 32.95% of the total population of Croatia). For investments carried out by SMEs, these percentages can be increased by 20 percentage points for small and 10 percentage points for medium size enterprises. • Under the regional aid guidelines for 2014 - 2020, areas which have a GDP per capita of below 75% of the EU average qualify as a matter of priority for regional investment aid, as the main purpose of regional aid is to foster the development of the less advantaged regions of Europe. • Update 11th of June Croatia maximum aid percentages 2014 - 2020
- 6. Current status Europe Partnership Agreements & Operational Programmes PA submitted no OP’s PA & OP’s submitted Czech republic PA 17/04 Italy: PA 22/04 Spain: PA 22/04 Croatia: PA 22/04 Ireland: PA 22/04 Luxemburg : PA 30/04 Romania: PA 01/04 France: PA 14/01 and all 32 OPs submitted Portugal: PA 04/02 and all ten OPs submitted Lithuania: PA 04/01 and their one OP submitted Finland: PA 17/02 and their one OP submitted Hungary: PA 07/03and all five OPs submitted Netherlands: PA 10/03 and all four OPs submitted Malta: PA 01/04 and one OP submitted Bulgaria: PA 02/04and all four OPs submitted Slovenia: PA 10/04and their one OP submitted Sweden: PA 17/04 and nine OPs submitted Austria: PA 17/04 and their one OP submitted United Kingdom: PA 17/04 and three OPs submitted Belgium: PA 23/04and two OP submitted Adopted PA no OP’s Adopted PA OP’s submitted Greece: PA adopted 23/05 Cyprus: PA adopted 20/06 Poland: PA adopted 23/05 and all 21 OPs submitted Latvia: PA adopted 20/06 and their one OP submitted Slovakia: PA adopted 20/06 and all five OP submitted Germany: PA adopted 22/05 and 15 OPs submitted Estonia: PA adopted 20/06 and their one OP submitted Denmark: PA adopted 05/05 and their one OP submitted
- 7. Planning • Partnership agreement submitted • No Op’s submitted • Adoption of PA & OP’s by European commission in Q4 2014 • Expected first grant calls Q1 2015 for funding priorities related to Op’s
- 8. Budget breakdown Europe € - € 20,000 € 40,000 € 60,000 € 80,000 € 100,000 € 120,000 Belgium Bulgaria CzechRepublic Denmark Germany Estonia Ireland Greece Spain France Croatia Italy Cyprus Latvia Lithuania Luxembourg Hungary Malta Netherlands Austria Poland Portugal Romania Slovenia Slovakia Finland Sweden AstitelX1.000 Total national spending Other Rural development (7) CAP Direct payments CAP European Territorial Cooperation Regions
- 9. HUDSON: Financial Incentives Want to receive updates on future grant calls or want more information about pan-european grant, FDI & tax possibillities from the European Union? Send an email to joost.holleman@hudson.com or edwin.aelberts@hudson.com