As part of its task to promote regional development, the ERDF contributes towards financing the following measures:
Productive investment to create and safeguard sustainable jobs;
Investment in infrastructure which contributes, in regions covered by Objective 1, to development, structural adjustment and creation and maintenance of sustainable jobs, or, in all eligible regions, to diversification, revitalisation, improved access and regeneration of economic sites and industrial areas suffering from decline, depressed urban areas, rural areas and areas dependent on fisheries. Such investment may also target the development of trans-European networks in the areas of transport, telecommunications and energy in the regions covered by Objective 1;
Development of the endogenous potential by measures which support local development and employment initiatives and the activities of small and medium-sized enterprises; such assistance is aimed at services for enterprises, transfer of technology, development of financing instruments, direct aid to investment, provision of local infrastructure, and aid for structures providing neighbourhood services;
Investment in education and health (only in the context of Objective 1).
The areas in which these measures provide support include development of the productive environment, research and technological development, development of the information society, protection and improvement of the environment, equality between men and women in the field of employment, and cross-border transnational and inter-regional cooperation.
Development has meaning in several contexts: Science and Engineering Biological development of embryos in the context of developmental biology Child development or post-natal human development (pediatrics, etc) Software engineering, the methodology and process of development of computer software Technology development in industry, as in Software development New product development... Telecommunication is the extension of communication over a distance. ... Research is an active, diligent, and systematic process of inquiry in order to discover, interpret and/or revise facts. ... The word protection has several uses: Protection is a euphemism for contraception. ...
It requires the ERDF to provide assistance under the new Objectives 1 and 2, the Community initiatives for cross-border, transnational and interregional cooperation (Interreg III) and economic and social regeneration of cities and urban neighbourhoods in crisis (Urban II), and innovative measures and technical assistance measures under the general Regulation.
Development of the endogenous potential by measures which support local development and employment initiatives and the activities of small and medium-sized enterprises; such assistance is aimed at services for enterprises, transfer of technology, development of financing instruments, direct aid to investment, provision of local infrastructure, and aid for structures providing neighbourhood services;
Implementing rules for the ERDF Regulation may be adopted on the basis of the opinion of the Committee on the Development and Conversion of Regions.
ERDF is targeted at those regions which are most in need of help in order to meet the first two objectives set out in table 1.
ERDF is awarded to projects that will do most to achieve the objectives and offer the best value for the funds available.
The monitoring committees are chaired by the Regional Director of the Government Office, and draw their membership from Government departments and a wide range of regional partners.
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