The funds will help Denmark promote economic, social and territorial cohesion, with a focus on key EU priorities such as green and digital transition. The funds will also contribute to the country’s competitive, innovative and sustainable growth.

A circular and export-oriented green economy

Denmark will accelerate its green transition and focus on supporting its small and medium-sized enterprises (SMEs). €247 million under the European Regional Development Fund (ERDF) will help Danish SMEs improve their research and innovation capacity, adopt advanced technologies, support their growth, competitiveness and internationalisation. The ERDF will encourage the circular economy in companies that focus on reducing waste and improving resource efficiency. Entrepreneurship and innovation will also be stimulated by investments in new businesses and start-ups.

In addition, the ERDF will also support tourism infrastructure and promote sustainable urban development, especially of medium-sized Danish cities for lively city centers.

An inclusive labor market and a skilled workforce

Denmark will promote a more inclusive labor market and a skilled workforce with €120 million from the European Social Fund Plus (ESF+). For example, Denmark will invest in skills upgrading, ensuring that more people receive and complete vocational training and higher education to meet labor market and business needs.

In addition, the ESF+ will help people develop the skills and competences needed for a fair and social green and digital transition. Particular attention will be paid to the development of skills in the fields of tourism and urban development within the framework of the ERDF and the ESF+.

Finally, in line with the European Pillar of Social Rights Action Plan, the ESF+ will also support people on the margins of the labor market by helping them find new jobs, promoting social inclusion and tackling homelessness. .

A socially fair green transition for citizens

€89 million from the Just Transition Fund (JTF) will help Danish regions in their transition to a low-carbon economy while safeguarding jobs. In particular, Denmark plans to address the socio-economic impact of this transition across the entire local value chain, with a focus on SME development, testing and demonstration of cost-saving solutions circular, and the development of new technologies for clean energy and the reduction of emissions. Investing in workforce development is also central to JTF support.

A green fishing and aquaculture industry

The fishing and aquaculture industries are part of the green transition. Denmark will dedicate €200 million from its European Sea Fisheries and Aquaculture Fund (EMFF) to improving the resource efficiency and competitiveness of SMEs in the aquaculture sector and in protecting and biodiversity restoration, through innovation and development of selective fishing gear and river restoration.

College members said:

Commissioner for Cohesion and Reforms, Elisa Ferreirasaid: “With the adoption of the partnership agreement, Denmark will pursue its ambitious goal of a greener, more connected and more inclusive country. Cohesion policy funds will support the competitiveness of small businesses, the regeneration of city centers and the green and circular economy.

Commissioner for Employment and Social Rights, Nicolas schmitadded: “I welcome the partnership agreement with Denmark, which includes support for important social priorities: skills, employment and social inclusion. With this agreement, Denmark is building a sustainable labor market and also providing citizens with the skills needed for a green and digital future.”

Environment, Oceans and Fisheries Commissioner, Virginijus Sinkeviciussaid: “Europe’s blue economy plays a crucial role in the decarbonisation of our economy. This partnership agreement will enable Denmark to build a resilient, sustainable and low-carbon fisheries and aquaculture sector and to further develop its aquatic environment and resources in a sustainable way from the fisheries and aquaculture sector. aquaculture.

Background

The partnership agreement with Denmark paves the way for investments of cohesion policy funds on the ground:

It covers 4 programmes, one for each of the cohesion funds: ERDF; the ESF+; the faith ; and FEMAF.

Additionally, it establishes JTF eligibility and implementation in regions with carbon-intensive industrial facilities most negatively impacted by climate transition.

Finally, the Partnership Agreement reflects Denmark’s firm commitment to the coordinated use of Cohesion Policy funds with the Recovery and Resilience Facility.

Each Member State prepares a partnership agreement in cooperation with the Commission. It is a strategic document for the programming of the investments of the funds of the cohesion policy and the Feampa during the multiannual financial framework. It focuses on EU priorities, setting out the strategy and investment priorities identified by the Member State. It also presents a list of national and regional programs to be implemented on the ground, as well as the indicative annual financial allocation for each programme. Denmark’s partnership agreement is the seventh adopted for the 2021-2027 funding period, after those of Greece, Germany, Lithuania, Austria, Finland and Czechia.