What are EU structural funds?

What are EU structural funds?

The European structural and investment funds are: European regional development fund, European social fund, Cohesion fund, European agricultural fund for rural development, European maritime and fisheries fund.

Why were the structural and cohesion funds created?

The European Structural and Investment Funds (ESI Funds, ESIFs) are financial tools set up to implement the regional policy of the European Union. They aim to reduce regional disparities in income, wealth and opportunities.

How do I access EU funding?

To access EU grants, you should apply via the relevant regional or national authorities (known as managing authorities) in the member state where you are registered. The Ministry of Agriculture in your country is responsible for funding for the European Agricultural Fund for Rural Development.

What is the cohesion policy of the EU?

Cohesion policy is the European Union's strategy to promote and support the 'overall harmonious development' of its Member States and regions. Enshrined in the Treaty on the Functioning of the European Union (Art.

What is the InvestEU Programme?

The InvestEU Fund is a fund that will bring together many EU-level financial instruments. ... The InvestEU Fund aims to mobilise more than €372bn of public and private investment through an EU budget guarantee of €26.2bn that will support the investment of its implementing partners. It will also offer advisory services.

What is Microsoft ECIF funding?

The End Customer Investment Funds (ECIF) program (formerly known as Business Investment Funds (BIF) or Customer Investment Funds (CIF)) allows Microsoft to set-aside funding in fiscal budgets to pay for services to end-customers in support of Microsoft products and solutions.

How does the European Social fund work?

The ESF invests in people, with a focus on improving employment and education opportunities across the European Union. It also aims to improve the situation of the most vulnerable people at risk of poverty. The ESF investments cover all EU regions. ... investing in education, skills and lifelong learning.

Do EU grants have to be paid back within 5 years?

Repayable grants would typically have to be repaid in instalments over a period of 3 – 5 years, sometimes after an initial repayment holiday. Policy in relation to interest varies between CEBs but most would be interest free or at a highly preferential rate.

Is cohesion policy regional policy?

1. What is cohesion policy? ... The idea is that cohesion policy should also promote more balanced, more sustainable 'territorial development' – a broader concept than regional policy, which is specifically linked to the ERDF and operates specifically at regional level.

What is just transition mechanism?

The Just Transition Mechanism (JTM) is a key tool to ensure that the transition towards a climate-neutral economy happens in a fair way, leaving no one behind.

What are the European structural and investment funds?

• European Structural and Investment Funds Five main Funds work together to support economic development across all EU countries, in line with the objectives of the Europe 2020 strategy: European Regional Development Fund (ERDF) European Social Fund (ESF)

What are structural funds and how do they work?

• Structural funds are a set of EU funding pots designed to support economic development and reduce inequality between and within countries across Europe.

Who sets the funding priorities for Structural Funds in the UK?

• This meant the governments in Edinburgh, Cardiff and Belfast took the lead in setting the funding priorities for structural funds within their territories as part of a ‘UK partnership agreement’ jointly signed by the UK government and the EU. Each then acted as the managing authorities for disbursing those funds.

Do structured Funds guarantee principal?

• Generally, structured funds will guarantee a portion of the total investment. For example, if an S&P 500 structured fund protects 80% of its principal, this means that it will invest 80% of its funds in fixed-income products with little chance of falling below the principal amount.