Denmark to get 400 mln euros from the EU to strengthen economic growth
The European Commission adopted on 5 August the Danish Operational Programme for the implementation of the European Social Fund in the period 2014-2020. 400 million euros in EU funds, of which over 200 from the EU budget, will go to boost national competitiveness
di Staff
On 5 August 2014 the European Commission adopted the Danish national Operational Programme for the implementation of the European Social Fund in the period 2014-2020.
This programme outlines the priorities and objectives to spend €400 million, of which over 200 from the EU budget, contributing to strengthening economic growth in all Danish regions and to achieving the EUROPE2020 objectives of smart, sustainable and inclusive growth.
Investments in entrepreneurship and an increased focus on vocational training are among the Danish plans approved by the European Social Fund (ESF).
The ESF is Europe’s main instrument for supporting jobs, helping people get better jobs and ensuring fairer job opportunities for all EU citizens.
Every year, the ESF helps around 15 million citizens to get a job or to improve their skills to do so in the future.
In 2014-2020, for the first time in the history of EU Cohesion Policy, a minimum budget representing at least 23.1 percent (at EU level) within Cohesion Policy funding has been allocated to the ESF.
The total ESF allocations will be distributed among the following four priorities: Vocational training and higher education, Entrepreneurship and job creation, inclusion through education and employment and cross-border mobility.
As for vocational training and higher education, 150.3 million euros will be devoted to increase the number of people participating to vocational training.
Entrepreneurship and job creation are not far behind, with a total ESF contribution of 144.7 million euros, while 80.1 million euros will help those on the margins of the labour market to find a job and 5.6 million euros will fund actions to enhance transnational labour mobility.
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