Since 25 years, European funds provide highly effective source of investment in Andalusia. The Programme Andalusia ERDF 2014-2020 aims to boost economic growth in Andalusia and contribute to achieving the Europe 2020 targets for smart, sustainable and inclusive growth. It creates jobs and boost productivity, particularly in SMEs. EU funding is targeted in line with the region's “Smart Specialisation Strategy”, which aims to strengthen research institutions, and to improve their scientific and technological infrastructure. Research and development and innovation activities will be promoted in the public and private sectors, with enhanced linkages and knowledge transfer between enterprises and research centres. SME competitiveness and the diversification of business activities will be promoted, as well as fostering the position of SMEs on international markets.
The Programme contributes to a more efficient and respectful use of natural resources and to a reduction of carbon emissions. The funds will help the region to respect environmental standards and preserve biodiversity, which is key for its economy. An effort is also made to promote social inclusion, education and employment. Support will is provided to social housing, infrastructure at all levels of education, employment services and ICT capacity. European funds also helped increse use of renevable energy that counts today for 27% of total electricity consumption.