The European Commission has approved Gibraltar’s operational programme for the European Regional Development Fund for 2014-2020, a scheme for the use of structural funds in Gibraltar that will aid in the stimulation of economic development.

The programme, set to focus on both enhancing the competitiveness of small and medium enterprises, and supporting the shift towards a low-carbon economy, will be launched on Wednesday 21^st January at Grand Bastion House, as from 11:30am.

Such grants are awarded by the Commission in order to assist business start-ups, and promote sustainable employment. Funding to encourage the use of alternative renewable energy sources and schemes that meet EU objectives are also encouraged.