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The Schiffbauergasse site has been developed into a modern centre for contemporary culture and innovative commerce in the centre of Potsdam with the help of promotional funds from the European Union

So far altogether 12 projects (as per March 2008) have received just under 35 million euros in promotional funding, of which 22 million euros came from the European Fund for Regional Development (EFRD). Co-Financing was supported by the Federal Government and the State of Brandenburg, the City of Potsdam and private investors, together with funds from InvestitionsBank des Landes Brandenburg (ILB).The total investment for the promoted projects is more than 103 million euros.

The main purpose of the use of EFRD funds in Brandenburg is to improve the region’s competitiveness, which is essential for lasting improvement to the level of income and employment. In Schiffbauergasse a range of very different projects could be realised with promotional funds under the programmes “Reactivating Run-down but Developable Urban (Brown Field) Sites”, “The Joint Task for the Improvement of the Regional Economic Structure” and the “Municipal Cultural Investment Programme”. These projects have created an attractive area in the centre of Potsdam.