Legal status
The Regional Development Fund of Western Macedonia operates as a Legal Entity governed by private law, based at the seat of the Region of Western Macedonia, pursuant to Article 227 of Law 5314/2026.
Identity, Purpose & Duties
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Regional Development Fund of Western Macedonia
Identity, Purpose and Responsibilities
An institutional development mechanism of the Region of Western Macedonia for managing resources, supporting regional planning and implementing development interventions.
Institutional identity
Role
It provides scientific, advisory and technical support to the Region and acts as an operational body for resource management and for the preparation and implementation of development interventions.
Purpose and principal responsibilities
Management of development resources
Management of appropriations under the Development Programme for Public Investment, funding allocated by public-sector bodies and other legal entities, and national, European Union and international resources.
Public investment project payments
Performance of accountable-manager duties for project payments charged to the public investment budget.
Support to the Region
Scientific, advisory and technical support to the Region and its administrative services.
Development planning
Support for regional planning and beneficiaries, from prioritization and preparation through approval, implementation and completion of operations.
Programme implementation
Implementation of programmes and actions assigned by the Region, as well as participation in European and international programmes.
Intermediate Body
Undertaking the functions of an Intermediate Body for State-aid actions, in accordance with the applicable institutional and management framework.
Studies and development services
Preparation and commissioning of research, techno-economic and organizational studies and provision of services supporting regional development.
Innovation and entrepreneurship
Operating as a hub for ideas, methods and innovation, using information and communication technologies for the benefit of the Region, its citizens, employment and entrepreneurship.
Vision
For the Regional Development Fund of Western Macedonia to operate as the Region’s integrated development mechanism, with institutional credibility, technical expertise and operational flexibility; actively supporting the Just Development Transition, productive restructuring, entrepreneurship, innovation, the effective use of European and national resources, digital governance, and evidence-based economic and development information.
Business Plan of the Regional Development Fund of Western Macedonia — 3rd Revision 2026
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