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Commission supports industrial restructuring in Belgium

The European Commission has approved two further programmes for industrial restructuring in Belgium. Community funding, totalling ECU 100.7 million, will go to the regions of Limburg and Turnhout, under Objective 2 of the Community's Structural Funds.

The programmes for the t...
The European Commission has approved two further programmes for industrial restructuring in Belgium. Community funding, totalling ECU 100.7 million, will go to the regions of Limburg and Turnhout, under Objective 2 of the Community's Structural Funds.

The programmes for the two regions will create a total of 12,800 jobs through measures such as developing SMEs, focusing on the environmental industry and preparing the labour force for new technologies. In the region of Limburg, SMEs have played an important role in developing the economy as mining has died out. However, the technology level is low compared to the rest of the country, particularly because of weaknesses in technology transfer. In Turnhout, employment in the dominant industries has decreased in recent years and will continue to do so.

The programmes, for which Community funding will be matched by government and private funding, will create new jobs and training, with the aim of encouraging and facilitating the use of new technologies. This will assist in the creation of new enterprises and diversification of existing companies.

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