This article is in list format but may read better as prose. You can help by converting this article, if appropriate. Editing help is available.(September 2014)
The European Regional Development Fund (ERDF) is one of the European Structural and Investment Funds allocated by the European Union. Its purpose is to transfer money from richer regions (not countries), and invest it in the infrastructure and services of underdeveloped regions. This will allow those regions to start attracting private sector investments, and create jobs on their own.
The European Regional Development Fund, 2007–2013.
During the 1960s, the European Commission occasionally tried to establish a regional fund, but only Italy ever supported it. Britain made it an issue for its accession in 1973, and pushed for its creation at the 1972 summit in Paris. Britain was going to be a large contributor to the CAP and the EEC budget, and sought to offset this deficit by having the ERDF established. They would then be able to show their public some tangible benefits of EEC membership. The ERDF was set to be running by 1973, but the 1973 oil crisis delayed it, and it was only established in 1975 under considerable British and Italian pressure.[1]
It started with a budget of 1.4 billion units of account, much less than the original British proposal of 2.4 billion units of account, but has increased rapidly both proportionally and absolutely in the course of time. Since its creation, it has operated under changing set of rules that were standardised with Single European Act and is now in its 2014–2020 period.
Scope (2014–2020)
As part of its task to promote regional development, the ERDF contributes towards financing the following measures:
Objective convergence
Modernising and diversifying economic structures
Creating sustainable jobs
Stimulating economic growth
Attention to urban, remote, mountainous, sparsely populated, and the outermost regions
Regional competitiveness and employment
Innovation and knowledge economy (e.g., research and technological development, innovation and entrepreneurship, financial engineering)
Environment and risk prevention (e.g., cleaning up polluted areas, energy efficiency, clean urban public transport, risk prevention plans)
Access to transport and telecommunications
Territorial cooperation
Cross-border economic, social, and environmental activities
Transnational cooperation, including bilateral cooperation between maritime regions
Inter-regional cooperation, including networking and exchange of experiences between regional and local authorities
One project supported by the Fund is the Golf Club Campo de Golf in the African Spanish exclaveMelilla, located right next to the border with Morocco where African migrants regularly attempt to enter the territory of the EU by climbing a triple fence with razor wire. In 2009, Ecologists in Action called the location insulting and asked the EU to investigate why more than €1.1m was given to the project by the ERDF. The petition was dismissed, because the objectives of the golf course to “increase tourism, create jobs and promote sport and sporting values” was compatible with the goals of the ERDF.[4]
^George, Stephen (1990). An Awkward Partner: Britain in the European Community. Oxford University Press. pp. 56–67. ISBN0-19-827563-3.
^"State Aid Law". DWF Law LLP. Retrieved 2011-03-11.
^"Rules for Application of ERDF". European Union. Retrieved 2012-03-11.
^"African migrants look down on white-clad golfers in viral photo". The Guardian. Retrieved 23 October 2014.
External links
Open Data Portal for the European Structural Investment Funds
Summary of ERDF legislation
North Sea Region Programme Transnational Cooperation Programme under the ERDF
Baltic Sea Region Programme Transnational Cooperation Programme under the ERDF
Alpine Space Programme Transnational Cooperation Programme under the ERDF
Atlantic Area Operational Programme Transnational Cooperation Programme under the ERDF
INTERREG North-West Europe Programme Transnational Cooperation Programme under the ERDF
January 16, 2023
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This article is in list format but may read better as prose You can help by converting this article if appropriate Editing help is available September 2014 The European Regional Development Fund ERDF is one of the European Structural and Investment Funds allocated by the European Union Its purpose is to transfer money from richer regions not countries and invest it in the infrastructure and services of underdeveloped regions This will allow those regions to start attracting private sector investments and create jobs on their own The European Regional Development Fund 2007 2013 Contents 1 History 2 Scope 2014 2020 2 1 Objective convergence 2 2 Regional competitiveness and employment 2 3 Territorial cooperation 3 ERDF compliance 4 Criticism 5 See also 6 References 7 External linksHistory EditDuring the 1960s the European Commission occasionally tried to establish a regional fund but only Italy ever supported it Britain made it an issue for its accession in 1973 and pushed for its creation at the 1972 summit in Paris Britain was going to be a large contributor to the CAP and the EEC budget and sought to offset this deficit by having the ERDF established They would then be able to show their public some tangible benefits of EEC membership The ERDF was set to be running by 1973 but the 1973 oil crisis delayed it and it was only established in 1975 under considerable British and Italian pressure 1 It started with a budget of 1 4 billion units of account much less than the original British proposal of 2 4 billion units of account but has increased rapidly both proportionally and absolutely in the course of time Since its creation it has operated under changing set of rules that were standardised with Single European Act and is now in its 2014 2020 period Scope 2014 2020 EditAs part of its task to promote regional development the ERDF contributes towards financing the following measures Objective convergence Edit Modernising and diversifying economic structures Creating sustainable jobs Stimulating economic growth Attention to urban remote mountainous sparsely populated and the outermost regionsRegional competitiveness and employment Edit Innovation and knowledge economy e g research and technological development innovation and entrepreneurship financial engineering Environment and risk prevention e g cleaning up polluted areas energy efficiency clean urban public transport risk prevention plans Access to transport and telecommunicationsTerritorial cooperation Edit Cross border economic social and environmental activities Transnational cooperation including bilateral cooperation between maritime regions Inter regional cooperation including networking and exchange of experiences between regional and local authoritiesERDF compliance EditAll awards of ERDF must comply with European Union competition law including State Aid Law 2 and Government procurement in the European Union Failure to comply with these legal requirements may result in irregularity rulings 3 which carry financial implications Criticism EditOne project supported by the Fund is the Golf Club Campo de Golf in the African Spanish exclave Melilla located right next to the border with Morocco where African migrants regularly attempt to enter the territory of the EU by climbing a triple fence with razor wire In 2009 Ecologists in Action called the location insulting and asked the EU to investigate why more than 1 1m was given to the project by the ERDF The petition was dismissed because the objectives of the golf course to increase tourism create jobs and promote sport and sporting values was compatible with the goals of the ERDF 4 See also EditEuropean Structural and Investment Funds European Grouping for Territorial Cooperation Grande Region ENPI Italy Tunisia CBC Programme Greece Bulgaria European Territorial Cooperation Programme Venture capital in PolandReferences Edit George Stephen 1990 An Awkward Partner Britain in the European Community Oxford University Press pp 56 67 ISBN 0 19 827563 3 State Aid Law DWF Law LLP Retrieved 2011 03 11 Rules for Application of ERDF European Union Retrieved 2012 03 11 African migrants look down on white clad golfers in viral photo The Guardian Retrieved 23 October 2014 External links EditOpen Data Portal for the European Structural Investment Funds Summary of ERDF legislation North Sea Region Programme Transnational Cooperation Programme under the ERDF Baltic Sea Region Programme Transnational Cooperation Programme under the ERDF Alpine Space Programme Transnational Cooperation Programme under the ERDF Atlantic Area Operational Programme Transnational Cooperation Programme under the ERDF INTERREG North West Europe Programme Transnational Cooperation Programme under the ERDF Retrieved from https en wikipedia org w index php title European Regional Development Fund amp oldid 1081230851, wikipedia, wiki, book, books, library,
