RegioTex - Supports New INTERREG Funding Instrument For Interregional Innovation Investments

RegioTex - Supports New INTERREG Funding Instrument For Interregional Innovation Investments

RegioTex is one of many supporters of the so-called INTERREG Component 5 funding instrument which is proposed to be added to the regional policy support programme for the period 2021-2027 which is currently debated by EU policymakers.

The new INTERREG component 5 on Interregional Innovation Investments with a total proposed budget of €970 million aims to develop European value chains across Europe through two strands: 1) support for investments in interregional innovation projects and 2) support for the development of value chains in less developed regions.

The RegioTex initiative of 15 textile regions in 10 EU countries is currently working towards the definition of such interregional investment projects on textile innovation incl. circular economy, digitalisation, technical and smart textiles as well as creative and design-based innovation.

Together with several European and regional innovation stakeholder organisations, we published a position paper to encourage the European Parliament and member states to endorse this new funding instrument. The full position paper is available here.