Sardinia, Europe : Financial instruments and Regional Smart Strategy
The EU funds allocated to the various NUTS (Nomenclature of Territorial Units for Statistics) regions into which the EU is divided by a number of 274 in. Depending on the number of inhabitants, the NUTS2 level ranges from 800 thousand to 3 million inhabitants (in Italy our 20 regions). The method of allocation of EU funds is based on the so-called “Berlin formula”, adopted by the European Council in 1999, which provides for different calculation systems according to three levels: less developed, transition and more developed regions.
It is a methodology that takes into account the difference between a region’s GDP per capita and the EU average and takes into account unemployment, population density and, for more advanced regions, education levels. The basic objective is to reflect more closely the evolution of socio-economic disparities, to continue to allocate resources to regions that need to catch up, to concentrate funds on the least developed countries and to strengthen support to regions in industrial transition.
In 2014-2020 the least developed regions in Italy (GDP pro capite less than 75% of the EU average in 2015) are Campania, Puglia, Basilicata, Calabria and Sicily, the most developed with GDP per capita above 90% of the EU average are Piedmont, Valle d’Aosta/Vallée d’Aoste, Liguria, Lombardy, the Autonomous Province of Bolzano/Bozen, the Autonomous Province of Trento, Veneto, Friuli-Venezia Giulia, Emilia-Romagna, Tuscany, Umbria, Marche and Lazio, in transition Abruzzo, Molise and Sardinia.
The total funds allocated to the Region of Sardinia for the 2021-2027 programming has not been defined, we are in the negotiation phase.
The financing instruments used at regional level are the European Structural and Investment Funds (EIF) divided into ESF (European Social Fund), ERDF (European Regional Development Fund), EAFRD (European Agricultural Fund for Rural Development), EMFF (European Maritime and Fisheries Fund).
The Regional Smart Strategy defines the political, economic and social priorities of the Region of Sardinia and consequently the public calls for proposals that will be published.