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The EU Regional Development Fund strengthens economic and social cohesion across Europe

Priorities depend on the category of region

  • May 17, 2018 21:00
  • Author Monika Dimitrova
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Source: Pixabay

The Euroepan Regional Development Fund (ERDF) aims to strengthen economic and social cohesion in the European Union by correcting imbalances between its regions. The ERDF focuses its investments on several key priority areas. This is known as 'thematic concentration':

  • Innovation and research
  • The digital agenda
  • Support for small and medium-sized enterprises (SMEs)
  • 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
  • This is 50 % in less developed regions

Furthermore, some ERDF resources must be channelled specifically towards low-carbon economy projects:

  • More developed regions: 20%
  • Transition regions: 15%
  • Less developed regions: 12%

Source: European Commission



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