European Regional Development Fund

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European Regional Development Fund 2006

European Regional Development Fund (ERDF) is a fund allocated by the European Union.

Scope

As part of its task to promote regional development, the ERDF contributes towards financing the following measures:

Productive investment to create and safeguard sustainable jobs;
Investment in infrastructure which contributes, in regions covered by Objective 1, to development, structural adjustment and creation and maintenance of sustainable jobs, or, in all eligible regions, to diversification, revitalisation, improved access and regeneration of economic sites and industrial areas suffering from decline, depressed urban areas, rural areas and areas dependent on fisheries. Such investment may also target the development of trans-European networks in the areas of transport, telecommunications and energy in the regions covered by Objective 1;
Development of the endogenous potential by measures which support local development and employment initiatives and the activities of small and medium-sized enterprises; such assistance is aimed at services for enterprises, transfer of technology, development of financing instruments, direct aid to investment, provision of local infrastructure, and aid for structures providing neighbourhood services;
Investment in education and health (only in the context of Objective 1).
The areas in which these measures provide support include development of the productive environment, research and technological development, development of the information society, protection and improvement of the environment, equality between men and women in the field of employment, and cross-border transnational and inter-regional cooperation.

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