European Regional Development Fund

ERDF aims to strengthen the economic and social unity of the EU by correcting imbalances between regions.

ERDF concentrates investment in several important priority areas. This is called "subject concentration".

In addition, some ERDF resources have to be devoted to low-carbon economic projects.

According to the European regional cooperation plan, at least 80% of the funds will be concentrated in the four priority areas above.

ERDF is also paying special attention to specific geographical features. The ERDF Initiative aims to mitigate urban economic, environmental and social problems, with particular emphasis on sustainable urban development. At least 5% of ERDF resources are used in the field through "integrated action" in urban management

Especially benefit from geographically disadvantaged areas (remote areas, mountain areas, or densely populated areas) where nature is disadvantaged. Finally, the outermost regions also benefit from special support from ERDF to cope with potential disadvantages due to its remoteness.

In order to achieve the national goals of the EU Construction Fund, the European Social Fund (ESF), the European Regional Development Fund (ERDF), and the European Rural Development Agricultural Fund (EAFRD), up to € 50 billion per year is added each year, We will support situation improvement. Will endeavor. However, these funds are often inefficient and we can not fully demonstrate their potential. It is clear that some Member States are reluctant to use socially comprehensive behavior, especially EU funds to support Rome. In other respects, due to the current economic crisis and subsequent financial constraints, the provision of EU funds is delayed. This is especially true when it is difficult to have a large number of Roman minorities but it is difficult to raise joint funds to the projects necessary to provide structural financial regulation.

There are three main objectives, divided by alliances, integration, regional competitiveness and employment, European territory cooperation, and three structural funds and tools, the European regional development fund, the European social fund and cohesion fund. The policy of integrating and balancing the economic and social conditions of Europe is also known as a cohesion policy and the current 2007 - 2013 budget is 34.741 billion euros, accounting for 35.7% of the total budget of the EU (Regional Policy, 2009).

Regional and cooperative goals in Europe have been covered by the European Regional Development Fund, totaling 7 billion euros (2.52% of total funds of cohesion policy). The goal is to improve the socio-economic conditions of the integrated area, to cooperate across borders and emphasize the effectiveness of regional policy. Most state member countries covered by the Cohesion Policy Fund are fifth and sixth expanded countries in 2004 and 2007, with gross national income (GNI) less than 90% of the EU average. The regions that receive such funds are Bulgaria, Czech Republic, Estonia, Greece, Cyprus, Latvia, Lithuania, Hungary, Malta, Poland, Portugal, Romania, Slovenia, Slovakia (regional policy, 2009). Spain is another country that fits this category, but for Spain, there are 15 member states in the EU, it is a special case as GNI is low enough.