At a recent meeting of the FOI Council, Omar Cutajar, junior policy officer at the Malta Business Bureau, which represents the FOI, Chamber of Commerce and MHRA, delivered a presentation entitled 'EU funding - what is in it for the Maltese private sector?'

After giving an overview of both the direct EU funding managed by the respective EU Commission DGs and the structural funds under the various EU programmes, Mr Cutajar focused on the EU Structural Funds.

Malta has an allocation of €87 million (Lm37.35 million) for 2004-2006 and, subject to approval by the European Parliament, it will have an allocation of €805 million (Lm345.59 million) for 2007-2013.

The 2007-2013 funding has more advantageous co-financing arrangements (down from 25 per cent to 15 per cent) and has four proposed guidelines: competitiveness and economic growth, accessibility, environment and employment.

The FOI is participating in projects falling under the first period and it is currently finalising its proposal for a number of projects falling under the second period, which would bring short-term and medium-term benefits to Maltese industry.

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