Contribution of European Programs to Development – Competitiveness – Innovation and Generally to the Economy for the Region of Peloponnese Over the Last 20 Years in the Field of Manufacturing

This research analyzes the contribution of European programs regarding the enhancement of innovation and competitiveness for manufacturing in the Peloponnese Region for the last 20 years. It touches on the relationship between NSRF programs and the funding provided to local manufacturing businesses, as well as the impact of changes on sustainability and development. Particular emphasis is placed on assessing how these programs contribute to improving production, promoting technological innovation and enhancing competitiveness at international level. The research focuses on strategies adopted by companies to utilize financial tools to modernize as well as the challenges they face in applying new technologies for sustainable development requirements. In this context, the role of the Structural Funds in reforming industrial production and their contribution to the long-term development of the region is examined. The results of the survey aim to continue the economic development of the Peloponnese Region and emphasize the need to enhance sustainability, growth and innovation, with the main objective of consolidating competitive dynamics in manufacturing industry. The European Union plays a very important role in promoting regional development, competitiveness in the Member States, innovation and a number of strategic financing initiatives. Over the last 20 years, the Peloponnese region in Greece has benefited significantly from these programs, particularly in the manufacturing sector. This paper aims to examine the contribution of European programs to the economic transformation and development of the Peloponnese, focusing on the manufacturing industry of the region.