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European Parliament Fact Sheets: The European Regional Development Fund (ERDF).
Features the full text of a fact sheet entitled "The European Regional Development Fund (ERDF)," provided by the European Parliament. Discusses the European Regional Development Fund (ERDF), designed to reduce disparities between the levels of development in the regions of the European Community.
European Regional Development Fund
The abolition of the Regional Development Agencies removed the main source of match funding for ERDF sponsored projects, and the economic downturn has curbed alternative options for match funding even further. There is a pressing need to spend each region's ERDF allocation before 2015, but unless ministers take urgent steps to deliver on the Government's promise to make it easier for projects to secure match funding through the Regional Growth Fund, there is a significant risk that value for money will suffer and ERDF will not make the impact it could to help rebalance the UK's economy. The Committee endorses a number of sensible rule changes that will govern the next ERDF round (2014-20) cu...
The European Cohesion Policy and European Regional Development Fund. Conditional Effectiveness and Convergence in the Solow-Model
Although the EU is growing ever closer as a single economic entity, the difference in wealth and economic power among its member nations - from Germany and France to Romania and Bulgaria - is still enormous. This is despite the European Union's continuous efforts to reduce welfare differences between its member states since its foundation in 1958: The long-term objective of the EU is a convergence of income and GDP per capita levels within the entire Union. This policy is known as European cohesion policy, which nowadays accounts for more than one third of the EU's total budget. The vast financial importance of the cohesion policy naturally begs two questions: Are structural funds effective ...
