The Euroregion Pyrenees Mediterranean is a European Grouping of Territorial Cooperation (EGTC), a legal entity defined in the framework of European Regulation (EU) No 1302/2013 of the European Parliament and of the Council of 17/12/2013 amending Regulation (EC) No 1082/2006.
Its new standing rules and convention obey this European regulation, as well as the French law of territorial “collectivités” given that the EGTC is based in France.
Its members fund to a large extent the operation of the organisation and the Euroregion’s multiannual action plan. The other part of its funding comes from European Union funds, i.e. from its different programmes, be it on cooperation (the INTERREG programmes) or from other sectorial calls such as LIFE, Horizon Europe and Europe Creative. A small part of the funding can also come from other partners’ contributions, either public or private.
The Euroregion’s budget varies depending on the years, the calls, the European projects underway and the actions scheduled.