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Regions & Cities 2018: A deep dive into the EU regional funds

The European Union has allocated around €350bn for the 2014-2020 period to cohesion policy – accounting for a full third of the EU budget. Only the EU's agriculture policy receives more.

The European Union has allocated around €350bn for the 2014-2020 period to cohesion policy – accounting for a full third of the EU budget. Only the EU's agriculture policy receives more.

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A tourist's guide to<br />

<strong>EU</strong>-funded Amsterdam<br />

Photo: Peter Teffer<br />

When it comes to projects paid for by <strong>EU</strong> <strong>regional</strong> <strong>funds</strong>, most people<br />

think of roads in Romania or bridges in Bulgaria. But richer regions also<br />

receive money. <strong>EU</strong>observer takes you on a tour of selected projects in<br />

Amsterdam.<br />

By Peter Teffer<br />

Start your visit to Amsterdam on <strong>the</strong> nor<strong>the</strong>rn<br />

side of <strong>the</strong> Dutch capital's central train<br />

station by taking <strong>the</strong> free ferry across <strong>the</strong><br />

IJ river.<br />

As you approach <strong>the</strong> nor<strong>the</strong>rn part of Amsterdam,<br />

you will see a large white building, which some<br />

say looks like a frog. "The Eye" film institute's new<br />

building, opened in 2012, cost around €38m. It<br />

received €1.5m of <strong>EU</strong> funding from <strong>the</strong> European<br />

Regional Development Fund (ERDF).<br />

The ERDF has distributed more cash in<br />

'Amsterdam Noord' - an area which because of<br />

its watery separation from <strong>the</strong> rest of Amsterdam<br />

was for a long time seen as not truly belonging<br />

to <strong>the</strong> city.<br />

But several big industrial players departed <strong>the</strong><br />

waterfront, leaving it open for new development.<br />

Housing cooperative Open Haard received<br />

€2.7m to modernise an area of mostly abandoned<br />

company buildings.<br />

According to area developer Bart Bozelie <strong>the</strong><br />

project – which also received €10m in private<br />

investment – has helped put <strong>the</strong> nor<strong>the</strong>rn district<br />

on <strong>the</strong> map. "The ERDF subsidy definitively<br />

contributed to that," he told <strong>EU</strong>observer in an<br />

emailed statement. He said that <strong>the</strong> project would<br />

have gone ahead anyway without <strong>the</strong> ERDF<br />

subsidy, but <strong>the</strong>n it would have had "a lower<br />

ambition level".<br />

During <strong>the</strong> current funding period (ie 2014-2020),<br />

03 — REGIONS & CITIES <strong>2018</strong>

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