Money that Malta will get from the next seven-year EU budget would be mainly channelled to stimulate economic growth, Deputy Prime Minister Louis Grech said yesterday.

Speaking at the end of talks with the European Commissioner for Regional Policy, Johannes Hahn, Mr Grech stressed the need for flexibility to take into account the island’s economic realities and geographical limitations.

He said importance would be given to the social dimension and human capital, including initiatives relating to education, inclusion and employment.

Mr Hahn welcomed these areas of focus and expressed the view that EU cohesion policy should complement national development endeavours by member states.

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