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 ?
264 has been spent in total, and the European Regional Development Fund has already funded it to the tune of 80 per cent, amounting to e1/4221.
The Commission`s Report notes that, with four more years to go until the programmes finish in 2015, investments under the European Regional Development Fund, Cohesion Fund and European Social Fund have already led to progress and improvement for many citizens.
The overall initiative in Far Gosford Street has more than pounds 25million of combined investment from Coventry City Council, the private sector, Heritage Lottery and European Regional Development Fund.
Under the existing European Regional Development Fund regulation, housing interventions are only possible in the new' member states, within the framework of urban development operations and in the form of renovation of existing housing.
The airports will provide 53% of funding with the remainder being financed by the European Regional Development Fund, the European Cohesion Fund and the Lithuanian government.
Sheffield's Darnall Works are to be saved as part of a 7 million [pounds sterling] regeneration programme funded by English Heritage and the European Regional Development Fund.
The pounds 734,000 scheme was funded by CV One, Coventry City Council and the European Regional Development Fund to help young entrepreneurs in the city to get their ideas off the ground
Part funded by the European Regional Development Fund (ERDF), it provides support of between pounds 100,000 and pounds 500,00).
The PS600m of European Regional Development Fund money is being released 18 months late because the European Commission did not want to give it to the region's Local Enterprise Partnership.
The investment from the European Regional Development Fund will be available, on a matchfunding basis, for growing small and medium-sized companies involved in areas like advanced engineering, low carbon energies and electronics.
8m from the European Regional Development Fund and Welsh Government, while PS11m has been allocated to the coastal defence work.

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