Brussels, 31/05/2000 (Agence Europe) - This Wednesday, the European Commission approved the single programming document (SPD) for the "Objective 1" aid to Levoland (Netherlands) for the period 2000 to 2006 (EUR 126 million). These Community aids should mainly serve towards the promotion of investments in the information technology, biotechnology, pharmaceutical industry and the food processing industry. They will be distributed in the following manner: 1) development of urban (39.1 million) and rural (23.7 million) regions; 2) strengthening production structures (39.5 million); 3) strengthening social cohesion and labour market (20.2 million). The remainder is to be allocated for technical assistance (3.5 million).
This is one of the smallest "Objective 1" programmes. Flevoland now exceeds the 75% barriers of Community GDP per capital, which is the eligibility criteria for this European regional policy objective, but as with most of the regions that have lost their eligibility, it receives a "transition" aid.