Draft guidelines for the EU structural fund Community initiative PEACE are expected from the Commission shortly. The European Parliament, Committee of the Regions and management committee on Community initiatives then have to be consulted. Formal adoption of the initiative is expected around the end of April and the two administrations will then have four months to prepare an operational programme.
It is expected that the programme will cover the following broad themes: urban and rural regeneration; employment; cross-Border development; social inclusion; and productive investment and industrial development. The total EU funding available to the initiative will be in the region of 300 million ECU over three years. Funding over a further two year period will be subject to a review of the situation by the Commission.