Over 100 million EUR, invested by West Regional Development Agency this year

The West Regional Development Agency (ADR Vest) has invested this year more than 100 million EUR in the West Region, which represents an absorption rate of almost 9% of the 1.16 billion EUR budget of the West Regional Program.The percentage is double the average of the regional programs (4.37%) and exceeds the national average of 5.49%."The results obtained in 2024 demonstrate our commitment to making the most of the opportunities offered by European funds. With the projects for which we have signed financing contracts, some of which have already started, we have created a solid foundation for the future. In 2025, we aim to accelerate regional development with an increased focus on innovation and digitalization. We will launch new initiatives, including business accelerators, that will support entrepreneurs and companies in the West Region to innovate, digitize and compete globally. It is a strategic direction through which we aim not only to attract funds, but also to create a more resilient economy and more connected to the challenges of the future," said the Director General of West Regional Development Agency, Sorin Maxim, in a press release sent on Monday.So far, 63 calls have been launched under the West Regional Operational Program, worth almost 860 million EUR, with 200 financing contracts signed this year alone, and a total value of half a billion EUR. Other projects worth more than 200 million EUR are in the evaluation phase.By the end of 2024, the West Regional Development Agency will launch two more calls for the modernization and equipment of schools, high schools and kindergartens.More than 90 million EUR, European money, will be invested in pre-university education in the region, and another 21 million EUR will go to university projects.In 2025, calls worth a total of 300 million EUR are scheduled to be launched, with the bulk of the money going into research, development, innovation and skills (123 million EUR).According to the mentioned release, for West Regional Development Agency, 2025 will be the year of digitalization. The following year is scheduled for the launch of the financial instrument for business acceleration and Venture Capital. In addition, a solid basis for the future Regional Innovation Agency has been created by signing a memorandum of understanding with Luxinnovation, the Luxembourg National Innovation Agency, which will ensure the knowledge transfer necessary for its creation and consolidation.