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The European Regional Development Fund, 2007–2013. 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.
The European Territorial Cooperation Objective is financed by the European Regional Development Fund, whereas the remaining two objectives of the Cohesion Policy set for the 2007–2013 period are also financed by the European Social Fund (Regional Competitiveness and Employment Objective), and, in the case with the Convergence Objective, also ...
The European Observation Network for Territorial Development and Cohesion, often shortened as ESPON, is a European funded programme under the objective of "European Territorial Cooperation" of the Cohesion Policy of the European Union. It is co-funded by the European Regional Development Fund - Interreg. The mission of the programme is to ...
Interreg is a series of programmes to stimulate cooperation between regions in and out of the European Union (EU), funded by the European Regional Development Fund. The first Interreg started in 1989. Interreg IV covered the period 2007–2013.
The European Development Fund (EDF) was the main instrument for European Union (EU) aid for development cooperation in Africa, the Caribbean, and Pacific countries and the Overseas Countries and Territories (OCT).
The Commissioner for Cohesion and Reforms is a portfolio within the European Commission.The current Commissioner is Raffaele Fitto.. The portfolio is responsible for managing the regional policy of the European Union, such as the European Regional Development Fund, which takes up a third of the EU's budget.
Regional policy projects in less developed regions are supported by three European funds: the European Regional Development Fund (ERDF), the European Social Fund (ESF) and the Cohesion Fund. The European Investment Bank (EIB) has pledged to increasing its support for certain regions in its Cohesion Orientation for 2021–2027. [30]
The European Structural and Investment Funds (ESI Funds) are the European Union's main investment policy tools. Currently they fall under five categories: European Regional Development Fund (ERDF), European Social Fund (ESF), Cohesion Fund (CF), European Agricultural Fund for Rural Development, and the European Maritime and Fisheries Fund (EMFF).