As required by Article 37.1(e) of the General Regulation a Financing Plan has been prepared consisting of two tables, which have been attached at Annex 4 and 5. The first table gives a breakdown for each year the total ERDF allocation at programme level, together with the accompanying national counterparts. The second table specifies for the whole programming period, for the Operational Programme and for each Priority, the amount of the Community contribution and the national counterparts and the rate of contribution from the Funds. These envisage a total investment of c. €458m at a co-financing rate of 50% of the total public expenditure.
The financial concentration proposed across the 4 priorities reflects the detailed assessment, by the Managing Authority during the programme planning process, reflecting the region’s investment needs, the outcomes of the Regional Foresight exercise, the ex ante evaluation, the priorities identified in the National Strategic Reference Framework. Furthermore the frontloading of the allocation to the BMW region, with c. 80% of the allocation concentrated in the first 3 years, has influenced the selection of priority interventions and their scheduling over the 7 tears of the OP.
In addition, as required by Article 37.1(d) of the General Regulation an indicative breakdown by category of the programmed use of the contribution from the Funds to the Operational Programme is provided in Annex 7.
