EUROPEAN REGIONAL DEVELOPMENT FUND (ERDF)
The European Regional Development Fund (ERDF), one of the European Structural and Investment Funds, contributes to smart,sustainable and inclusive growth, as well as aims to reinforce economic, social and territorial cohesion in EU regions and cities.
For 2014-2020, the ERDF has an overall budget of almost €200 billion to support economic growth, create additional jobs and reduce regional disparities.
The ERDF support can be provided through grants and, increasingly, through financial instruments.
By the end of 2013, the ERDF had paid over €9 billion into financial instruments providing loans, guarantees and equity in almost every EU Member State. Over 200,000 individuals and firms had received support for business development, urban projects and investments in energy efficiency and renewable energies.
Financial instruments can contribute to the achievement of a broad set of ERDF investment priorities, for instance:
- Promoting business investment in R&I;
- Extending broadband deployment and the roll-out of high-speed networks and developing ICT products, services and e-commerce;
- Supporting the capacity of SMEs to grow and to engage in innovation processes, including developing new business models;
- Promoting the production and distribution of renewable energy, of energy efficiency and renewable energy in enterprises, in public infrastructure and housing;
- Investments for adaptation to climate change;
- Investing in the waste and water sectors;
- Improving the urban environment, including regeneration of brownfield sites;
- Supporting industrial transition towards a low-carbon economy; and
- Supporting multimodal and environmentally-friendly transport and regional mobility.
Financial instruments co-funded by the ERDF can therefore be used to support a wide range of projects, from public infrastructure or productive investment projects, to support for households to improve the energy efficiency performance of their homes.
Financial Instruments under ERDF funds 2014-2020
Factsheet, The European Regional Development Fund, pdf
Manual, Ex Ante Assessment - Quick reference guide, pdf
Financial Instruments in Cohesion Policy 2014-2020: The SME Initiative, Joerg Lackenbauer, EC, pdf
FI experiences in energy efficiency, Frank Lee, EIB, pdf
Financial instruments - Implementation through FoFs, Piotr Stolowski, EIF, pdf
Financial Instruments under JEREMIE in Bulgaria, Miglena Dobreva, Ministry of Economy of Republic of Bulgaria and Kiril Velitchkov CIBANK, KBC Group, pdf
Financial Instruments under the JEREMIE Initiative in Languedoc-Roussillon (FR), Fabrice Salemi, Region Languedoc-Roussillon, pdf
CSI Europe – Making Financial Instruments Work for Cities, Des Gardner, CSI Europe Project, pdf
MV-Venture Finance Hungary Plc. and the JEREMIE Program, Balázs Garamvölgyi, Venture Finance PLC, pdf
Lessons Learnt from London Green Fund,, Kenroy Quellennec-Reid, Greater London Authority, pdf