INTERREG is a Community initiative which aims to stimulate interregional cooperation in the EU. It is financed under the European Regional Development Fund (ERDF).
The current phase of the initiative, INTERREG III (2000-2006), is designed to strengthen economic and social cohesion throughout the EU, by fostering the balanced development of the continent through cross-border, transnational and interregional cooperation. Special emphasis has been placed on integrating remote regions and those which share external borders with the candidate countries.
Strand A, which focuses on Cross-border cooperation between adjacent regions, aims to develop cross-border social and economic centres through common development strategies.
Priorities include measures for environmental protection, improving energy efficiency and renewable energy sources.