€20 million package to support SMEs and research in Jordan
The European Commission has adopted an assistance package of €20 million for Jordan, consisting of two programmes which will provide support to Small and Medium-Sized Enterprises (SMEs), as well as to research projects, helping to generate economic growth and employment in the country.
''Today's decision highlights the priority that the EU gives to crucial areas like research and technology in Jordan. I'm proud that our assistance will also support Small and Medium-Sized Enterprises and therewith help to reduce poverty and unemployment in the country. By providing easier access to financing, we are helping to remove barriers for creating new jobs. This assistance package shows clearly that we do continue to support Jordan's ongoing reform agenda programme, not only politically but also financially," saidCommissioner for Enlargement and European Neighbourhood Policy, Štefan Füle.
Jordan Services Modernisation Programme (JSMP II) (€15 million)
Through continued enhancement of the services sector in Jordan, this programme will assist the economy in becoming more productive and globally connected, by upgrading and facilitating the establishment of innovative start-ups and the service sector, with particular focus on those outside the Amman governorate. It will also help to increase development of the international export sector, with particular focus on those businesses outside the capital.
Support to Research, Technological Development and innovation in Jordan (SRTD) (€5 million)
The overall objective of this project is to increase the capacity of Jordan’s Research & Technological Development and Innovation sectors in order to foster Jordan’s economic growth and employment. The development of Jordan’s applied research and technological capacity will focus on the commercialisation of research and technological development of the private sector, especially targeting Small and Medium-sized Enterprises. This will also further advance the integration of Jordan into the European Research Area.