(...) More flexible access to the EU regional funds - such as the European Social Fund and the European Regional Development Fund - would help regions worst hit by the economic crisis to recover faster, said the Regional Development Committee on Wednesday. Flexible funding for investment in infrastructure, support for small firms, professional training, R&D and industrial and rural modernisation, would also make a decisive contribution to sustainable growth and jobs, it adds.
As the main source of public investment at regional and local level, EU regional policy is 'not only a way to immediately 'damp down' the negative economic and social effects of the crisis, but is also a long-term policy for combating the structural problems revealed and created by the crisis, particularly as regards competitiveness and employment' in areas lagging behind in their development, says the report drafted by Mrs Kratsa-Tsagaropoulou (EPP, Greece). 'Given the EU’s lack of effective mechanisms for economic coordination and balanced growth, cohesion policy, through the structural funds and other actions, is of prime importance. (...)
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