Memo: Spain – Operational Programme 2007-2013: Basque Country

On 28 November 2007, the European Commission approved an operational programme for the Autonomous Community of Basque Country covering the period 2007-2013.

This operational programme comes under the 'Regional competitiveness and employment' objective and has a total budget of around €500 million. The funding provided by the European Community via the European Regional Development Fund (ERDF) amounts to some €241 million, which represents about 0.7% of the EU's total investment in Spain under the cohesion policy 2007-2013.

The planned national contribution amounts to €260 million and may be made up partly of Community loans granted by the European Investment Bank (EIB) and other loan instruments.