Interreg III is made up of 3 strands and has a total budget of 4,875 billion euro (1999 prices).
Strand A : cross-border cooperation.
- Cross-border cooperation between adjacent regions aims to develop cross-border social and economic centers through common development strategies.
Strand B : transnational cooperation
- Transnational cooperation involving national, regional and local authorities aiming to promote better integration within the Union through the formation of large groups of European regions.
Strand C : interregional cooperation
- Interregional cooperation aims to improve the effectiveness of regional development policies and instruments through large-scale information exchange and sharing of experience (networks).
Supplementing the three strands, a maximum of EUR 50 million (2001 prices) is used to finance networks promoting the sharing of experiences and best practices, which concerns the two programmes ESPON and INTERACT. The European Spatial Planning Observatory Network (ESPON) is a programme financed jointly by the European Union and the fifteen Member States, as well as other neighboring states. It is a network of cooperation between national spatial planning institutes and will focus on the observation and analysis of territorial and regional development trends in Europe, financing research studies in the field of spatial planning.
The programme INTERACT (INTERreg – Animation, Coordination, Transfer) seeks to build on the experience and lessons of INTERREG I and INTERREG II, and to improve the effectiveness of implementation of INTERREG III during the current programming period. It will basically provide the exchange of experiences and networking, dissemination of the information and support to those involved in managing Interreg III programmes, as well as providing information on the INTERREG activities to national, regional and local actors and the public in general.
For more details visit : http://www.interact-eu.net
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