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Structural Funds to provide ECU 31 million for iron and steel industry in Nord-Pas-de-Calais

The European Commission is to grant ECU 31 million from the Structural Funds to the Nord-Pas-de-Calais region of France. ECU 17 million will come from the RECHAR Community initiative for the conversion of mining areas and ECU 14 million from the RESIDER Community Initiative fo...

The European Commission is to grant ECU 31 million from the Structural Funds to the Nord-Pas-de-Calais region of France. ECU 17 million will come from the RECHAR Community initiative for the conversion of mining areas and ECU 14 million from the RESIDER Community Initiative for the conversion of steel regions. The money from the Structural Funds will be in addition to contributions from the national government. The measures to be supported by the programme include: - Reconstruction of the urban fabric in mining areas; - Landscaping of large areas of wasteground; - Improvement of old industrial sites; - Technological cooperation and assistance for enterprises; - Management and protection of water resources; - Local organization of tourism; - Investment assistance for SMEs.

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