European Regional Development Fund

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European Regional Development Fund


European Regional Development Fund (ERDF)

an organization established by the EUROPEAN UNION in 1975 to provide financial assistance to impoverished areas of the EU. The ERDF has provided cash grants for a broad spectrum of projects in areas of industrial decline, ranging from tourism infrastructure in Wales to a regional airport in Lorraine, France. Support for such projects remains important, but increasingly under the EU's REGIONAL POLICY programme the ERDF's work has focused on supporting the ASSISTED AREAS (i.e. regions and localities where GDP per capita is significantly lower than the EU average). In these areas the ERDF supports infrastructure projects, such as roads, railways, electricity and gas distribution, and provides funds to modernize traditional industries and establish new ones. See EUROPEAN INVESTMENT BANK.
References in periodicals archive ?
The European Fund for Regional Development has approved EUR 439 million in funding for Romania to support the nation in its initiatives for the enhancement of the energy efficiency of its public buildings involving the period between 2014 and 2020.
Contract notice for Service to the drafting of basic and execution of integrated bus terminal in the intermodal station of A Coruna San Cristobal financed 80% by the European Fund for Regional Development under the ERDF Operational Programme Galicia 2014-2020.
The contract is performed for the needs of the project "development of regional systems for waste management in the region of veliko tarnovo", which is implemented with the financial support of operational programme "environment 2007-2013" financed by the european union through the european fund for regional development and cohesion funds.

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