What is ERDF?
ERDF is the European Regional Development Fund which is the main EU Structural and Investment Fund used to support economic development in countries and regions across Europe. Together with the European Social Fund (ESF) and the Cohesion Fund, the ERDF accounts for over one third of the EU budget.
The Northern Ireland ERDF financial allocation for the 2014-2020 funding period will be delivered in part through the Investment for Growth and Jobs Programme (the Programme) and has a budget value of €522m.
How has the ERDF Investment for Growth and Jobs Programme been developed?
Northern Ireland has significant experience of using ERDF to help drive economic growth in Northern Ireland. The Programme has been shaped by experience of what has proved most effective in the past and what we want to achieve in the future.
The Programme has been formulated following a comprehensive assessment of Northern Ireland’s development needs comprising analysis of the region’s strategy and policy, consultation and engagement with key stakeholders, economists, statisticians and key delivery partners, and building on the experience of managing the 2007-2013 Programme of ERDF funding.