What does ERDF stand for?
The European Regional Development Fund (ERDF) aims to strengthen economic, social and territorial cohesion in the European Union by correcting imbalances between its regions.
What is match funding ERDF?
A public match funder is any organisation which directly or indirectly receives over 50% of its core funding from central or local government or levies raised by Industrial Training Organisations (NTO’s) for training purposes.
How does the European Regional Development Fund work?
The European Regional Development Fund (ERDF) provides funding to public and private bodies in all EU regions to reduce economic, social and territorial disparities. The Fund supports investments through dedicated national or regional programmes.
What is the purpose of the EU Cohesion Fund?
The Cohesion Fund provides support to Member States with a gross national income (GNI) per capita below 90% EU-27 average to strengthen the economic, social and territorial cohesion of the EU.
Can ERDF support retail?
Nevertheless, ERDF can be used to support the business growth and low carbon needs of retail businesses as part of projects that are not exclusively targeted at the retail sector.
What is regional funding?
What Is a Regional Fund? A regional fund is a mutual fund run by managers who invest in securities from a specified geographical area, such as Latin America, Europe, or Asia. A regional mutual fund typically owns a diversified portfolio of companies based in and operating out of its specified geographical area.
What are EU grants?
Grants. Grants are direct financial contributions from the European Union budget awarded by way of a donation to third-party beneficiaries (usually non-profit-making organisations) engaged in activities that serve EU policies.
Is cohesion policy the same as regional policy?
The regional policy of the European Union (also known as cohesion policy) has the stated aim of improving the economic well-being of regions in the EU and avoiding regional disparities.
When was the cohesion policy developed and why?
The present institutional design of cohesion policy dates back to 1999. In that year the European Council of Berlin agreed upon ‘Agenda 2000’, a reform of a number of important EU policies.
Is the UK still in the European Social Fund?
We are discussing the European Social Fund (ESF), a pot of money from the European Union the UK can no longer access since the vote to leave the EU. The last funding cycle ran from 2014 to 2020, but because of some delays in Whitehall, the final tranches of money will run out between now and June 2023.
What are regional investors?
Key Takeaways A regional fund is a mutual fund run by managers who invest in securities from a specified geographical area, such as Latin America, Europe, or Asia. A regional mutual fund typically owns a diversified portfolio of companies based in and operating out of its specified geographical area.
What is a development fund?
Development funding is the term used to describe financial capital given in support of creating a new project.
What EU grants are available?
The funds are:
- European Regional Development Fund – regional and urban development.
- European Social Fund – social inclusion and good governance.
- Cohesion Fund – economic convergence by less-developed regions.
- European Agricultural Fund for Rural Development.
- European Maritime and Fisheries Fund.
What is regional cohesion?