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European Regional Development Fund

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Title: European Regional Development Fund  
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Subject: Structural Funds and Cohesion Fund, European Commissioner for Regional Policy, Falkirk Wheel, Economy of Europe, ERDF
Collection: Economy of the European Union, Regional Policies of the European Union
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European Regional Development Fund

The European Regional Development Fund, 2007–2013.

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

Contents

  • History 1
  • Scope (2007–2013) 2
  • ERDF Compliance 3
  • Criticism 4
  • See also 5
  • References 6
  • External links 7

History

During the 1960s, the [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 2007–2013 period.

Scope (2007–2013)

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

ERDF Compliance

All 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

One 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 refugees 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

References

  1. ^ George, Stephen (1990). An Awkward Partner: Britain in the European Community. Oxford University Press. pp. 56–67. ISBN 0-19-827563-3.
  2. ^ "State Aid Law Resource". State Aid Law. Retrieved 2011-03-11. 
  3. ^ "Rules for Application of ERDF". European Union. Retrieved 2012-03-11. 
  4. ^ "African migrants look down on white-clad golfers in viral photo".  
  • Gateway to the European Union
  • Summary of ERDF legislation

External links

  • 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
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