The State, the City, the urban community, the Region and the Department (Bouches due Rhone) grant the Public Institution a budget to conduct studies, buy land and begin work. This public investment pays for carrying out the changes and improvements necessary to attract private investment. Euroméditerranée is financially supported by the European Union (FEDER Funds).
Three financial protocols were signed between the national government and the coalitions: 1995-2001, 2001-2006 and 2006-2012. The overall allocation is 531 million Euros through 2012.
The European Union is also providing financial support on special projects. From 1995 to 2012, the EU has provided approximately 50 million Euros, allocated mainly to the creation of public buildings (Museum of Civilization in Europe and the Mediterranean Coastline Blvd...) but also to long-term programs such as business recruitment and marketing abroad.
Between now and 2012 (Euromed1), Euroméditerranée is investing a total of 3.5 billion Euros, including 531 million Euros of public funds. (See table)
For its extension (Euromed2, 2012 and 2020), Euroméditerranée is providing an additional public investment of about 3.5 billion Euros, bringing the total investment to more than 7 billion Euros. (See table)
In offering private investment opportunities for the construction of offices, homes, shops and housing renovation, Euroméditerranée is helping to reposition Marseille as a major real estate market in Europe. Above all, it allows businesses to locate in a place that is very likely to be successful.
The funding objective — to see one euro of public funds committed for every 4 Euros of private investment — has been fulfilled.
Among the flagship companies that have recently located or expanded to Euroméditerranée: CMA-CGM, DHL, NYK Logistics, MAIF, Crédit Lyonnais, Société Générale, Sodexho, UbiFrance, Telecom Italia, 9 Telecom, BNP Paribas, Cetelem, Credit du Nord, Compass Group, Completel, Daher, Evergreen, Futur Telecom, Gan, Kawasaki kine, Tiscali, Deloitte & Touche, Price Waterhouse Coopers, Fouquet Sacop, Caisse d'Epargne, Nouvelles Frontieres, Bouygues Immobilier, GFC, Nouveaux Constructeurs, GE Money Bank and IBM.
Financial Protocol 2006-2012
Composition of the Board of Directors