See how the European Regional Development Fund is correcting imbalances between regions in the EU
It is designed to reduce economic, environmental and social problems in urban areas, with a special focus on sustainable urban development
- March 19, 2018 12:30
- Monika Dimitrova
The European Regional Development Fund (ERDF) focuses its investments on several key priority areas, known as 'thematic concentration': Innovation and research; The digital agenda; Support for small and medium-sized enterprises and The low-carbon economy. The ERDF resources allocated to these priorities will depend on the category of region. In more developed regions, at least 80% of funds must focus on at least two of these priorities. In transition regions, this focus is for 60% of the funds.
The ERDF also gives particular attention to specific territorial characteristics. ERDF action is designed to reduce economic, environmental and social problems in urban areas, with a special focus on sustainable urban development. At least 5% of the ERDF resources are set aside for this field, through 'integrated actions' managed by cities. Areas that are naturally disadvantaged from a geographical viewpoint (remote, mountainous or sparsely populated areas) benefit from special treatment. The outermost areas also benefit from specific assistance from the ERDF to address possible disadvantages due to their remoteness.
Source: European Commission
TheMayor.EU stands against fake news and disinformation. If you encounter such texts and materials online, contact us at email@example.com