The project consists of the construction of a BioPartner Center. This relates to a business complex for start-up and existing companies in the Life Sciences (LS) sector. In addition to accommodation, the Center will also offer guidance and other facilities to the companies. This total concept, with its focus on start-up companies, is referred to as the Life Sciences Incubator Maastricht.

The BioPartner is being constructed in Maastricht-Randwyck, which already accommodates a cluster of institutes, institutions and companies in the life science sector.

The project relates to the construction of a new business complex. In addition, the project also makes a contribution to the acquisition of new commercial activities and the encouragement, support and facilitation of new and young enterprises. In the first instance the project is focused in the provision of the accommodation and infrastructure required for the pursuit of economic activity. In so doing the BioPartner Center will attract new commercial activities, thereby increasing investments in the area. This will also result in increased job opportunities.

European subsidy: € 1.370.730
Total cost: € 10.317.294

This project has been partially funded with Objective 2 funds. Since 2000 nine cities have been eligible for the Objective 2 Urban Areas in the Netherlands programme, which forms part of the European Fund for Regional Development (EFRD) of the European Union. EFRD is one of the four Structural Funds of the European Commission. The programme helps cities to carry out projects that benefit disadvantaged areas.

In the Netherlands, total European Objective 2 subsidies concern 192 million euros. 4.25% of the Dutch population lives in the selected areas.

The European Commission prescribes that for every euro from the EFRD, a minimum of one euro must be contributed from the government. The cities must therefore add their own public or private funding to the European subsidy. The European programme is linked to the urban plans agreed within the context of the urban policy of the Ministry of the Interior and Kingdom Relations. For this, the cities can make use of funds that have been allocated to them in the context of the national urban policy.

Maastricht Noord - local programme management
Phone: +31 43 3504784

01/01/2003

case

Urban Policy > Economy knowledge & employment > Urban economy

Business support, Specific sectors