One of the main areas of work of the WestMED Assistance Mechanism (WMAM) is the identification and dissemination of information, as well as the provision of guidance, on funding opportunities for stakeholders willing to set up projects, create networks or exchange good practices relevant for the WestMED Framework for Action priorities.
The WMAM Team continuously screens major bilateral and multilateral donor organisations’ programs, facilities and funds potentially available to the western Mediterranean countries and stakeholders, both European and non-European.
Based on this comprehensive overview of funding sources available to Blue Economy projects in the region, the WMAM is well positioned to provide informed and tailored advice, which fully acknowledges subregional specificities and challenges.
Key beneficiaries of this practical information sharing and guidance include SMEs, large enterprises, and research bodies in the region, but also relevant governmental departments at operational and policy levels, such as national focal points, maritime units and other stakeholders.
During the first 2 years of implementation of the WestMED Assistance Mechanism, 60+ financial opportunities have been mapped, reviewed and disseminated among stakeholders in different countries. The team has also established direct liaison with a number of public and private donors andprogrammes such as INTERACT, Interreg MED, EIB, CINEA, UNDP, DG NEAR or ENI CBC MED.