The interregional, cross-border and transnational actions – point (d)(vi) of Article 22(3) CPR Action RSO1.3.1 will see regionally based SME businesses working collaboratively with other partners to embrace digitisation, green economy opportunities, and relevant technological advances. In doing so, it will improve their competitiveness and potential for growth and internationalisation. Action RSO1.3.1 supports the identification of regional sectoral strengths, capabilities and opportunities through the Regional Enterprise Plans and will provide an important platform for future cluster development initiatives. These clusters can maximise the development of international business linkages at EU level and beyond, on a cluster-to-cluster basis including through EU Strategic Value Chains and associated Important Projects of Common European Interest (IPCEI) and through the development of all-island and cross-border clusters. The planned use of financial instruments – point (d)(vii) of Article 22(3) CPR The selected form of support for all actions under PO1 is grants as none of the supported actions are expected to generate a return during their lifetime. The use of financial instruments would therefore not be feasible as a form of support and would not be attractive to potential beneficiaries.
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