The URBACT programme is mainly financed by EU funds, with additional national and local contributions.
How is URBACT Financed?
For URBACT II as for URBACT III, the budget of the programme is financed by :
- The European Regional Devlopment Fund (ERDF)
- National contributions: Paid by the Member and Partner States based on their population in proportion to total European population (ex-ante contribution)
- Local contributions: Cities and regions contribute to URBACT’s budget proportionally to their involvement in the programme.
For URBACT II (2007-2013), the total budget eligible budget is 67,8 M€ cofinanced by ERDF (78,6%), national contributions (7,6%) and local contributions (13,8%). In addition, there were contributions from Norway (350,000 €) and Switzerland (230,000 €).
For URBACT III (2014-2020), the total budget eligible budget is 96,3 M€ (excluding contributions from Norway and Switzerland), cofinanced by ERDF (77,1%), national contributions (5,7%) and local contributions (17,2%).
How does URBACT use the budget?
The budget finances URBACT networks, as well as all the activities linked to expertise, capitalisation and communication.
For URBACT II, two axes are dedicated to networking, expertise, capitalisation and communication activities. They have their own priorities:
- Priority axe 1: cities, engines of growth and jobs
- Priority axe 2: attractive and cohesive cities
A third axe is dedicated to the technical assistance of the propramme.
For URBACT III, one axe is dedicated to networking, expertise, capotalisation and communication activities. The other axe is dedicated to the technical assistance of the propramme.
The main beneficiaries are cities from EU 28 Member States, Norway & Switzerland. While talking about cities, URBACT actually includes cities, municipalities, towns (without limit of size), infra-municipal tiers of government, metropolitan authorities as well as organized agglomerations.
Other beneficiaries include local agencies; provincial, regional and national authorities; universities and research centers. All beneficiaries shall be public or public equivalent bodies.