Juan Eduardo Santón, Valencia municipality councellor in charge of innovation was today in Brussels in order to access European funds for the America's Cup 2007.

The European Union is also looking for projects to support which will aid regeneration, such as tourism and sport events, environmental activities and retraining programmes for people who need to find new employment.

After a meeting with Juan Manuel Revuelta, Permanent Representative of Valencia to the European Union in Brussels, Juan Eduardo Santón have met Damian Lluna, administrator in the Commission for Territorial Cohesion Policy of the Committee of the Regions.

It should be remembered that Valencia is a area very favoured by the European funds, eligible for financing under several programmes and projects.