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Data: 10/08/2017
The Canary Islands region had an extremely high unemployment in the past years. The main problem was its isolation. Being located far away in the middle of the ocean, meant they had less opportunities for business activities and economic exchanges then other regions on the mainland. Finding the area, in which they can be most competitive, was the key.
But once they started to use the ocean as a new source of energy, the economic recovery kicked in. Now a scientific and an industrial test site, funded by the EU, offer its user not only data and knowledge on oceanic parameters, but also services. This opportunity has been exploited in order to create economic growth and bring the Canary Islands to the path of recovery and job creation.
In this video, experts from the European Institutions and industry sector present the main elements of the successful story of the Canary Islands region and how regional cooperation has brought more jobs and innovation to the territory.
VIDEO: Smart Regions' story
WATCH VIDEO: http://europa.eu/!fj87wc
[subtitles available in 24 languages]
DISCOVER MORE ON EU REGIONAL POLICY PROGRAMMES AND OTHER SUCCESSFUL STORIES
Regional Policy targets all regions and cities in the European Union in order to support job creation, business competitiveness, economic growth, sustainable development, and improve citizens’ quality of life. In order to reach these goals and address the diverse development needs in all EU regions, € 351.8 billion – almost a third of the total EU budget – has been set aside for Cohesion Policy for 2014-2020. Hundreds of thousands of projects throughout the EU have benefited from investment through EU regional policy programmes over the years. Take a look through our database to discover some examples of the wide range of projects which have received support. Read more:http://europa.eu/!XC86Tt
Do you have questions about copyright and credits? Read more here or contact the Central Audiovisual Library of the European Commission.
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