European Regional Development Fund
From Encyklopedia Administracji Publicznej
EUROPEAN REGIONAL DEVELOPMENT FUND (ERDF) – one of the Structural Funds, which aims to bridge the gap in the level of development among the EU regions, established in 1975. The projects implemented under the ERDF relate to supporting the development and structural adjustment of regions with development delays and contributing to the transformation of declining industrial regions. Together with the → European Cohesion Fund, on the basis of the regulations of the European Parliament and the Council of the European Union, the ERDF is responsible for implementing projects in the fields of investment for economic and employment growth to strengthen the labour market and regional economies and European territorial cooperation to strengthen cross-border, transnational and interregional cooperation in the EU. The ERDF resources are allocated to three categories of regions: 1. more developed, whose per capita GDP exceeds 90% of the EU average; 2. in the transitional phase, whose per capita GDP is between 75% and 90% of the EU average; 3. less developed, whose per capita GDP is less than 75% of the EU average. The intensity of support for projects financed by the ERDF is tailored to the development of the region concerned. In less developed regions, the ERDF can finance up to 85% of project costs, in transitional areas – up to 60% and in the more developed ones – up to 50%. The investments realized through the funds from the ERDF address four priorities that contribute to the “Europe 2020” strategy: innovation and research, digital agenda, support for small and medium enterprises, low-carbon economy. The concentration funds from the ERDF in these priorities varies depending on the category of region to which the support is provided. In addition, at least 5% of the ERDF resources for each member state are allocated to actions for sustainable urban development related to the implementation of economic, environmental, climate, demographic and social challenges facing urban areas [ T. Kownacki ].
Literature: J. Lecarte, Europejski Fundusz Rozwoju Regionalnego (EFRR) [European Regional Development Fund (ERDF)], 06/2017 [online] http://www.europarl.europa.eu/atyourservice/pl/displayFtu.html?ftuId=FTU_3.1.2.html [access: September 2017].