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. This will allow those regions to start attracting private sector investments, and create jobs on their own.
6-600: ERDF may refer to: European Regional Development Fund , a fund allocated by the European Union Électricité Réseau Distribution France , the operators of some of the electricity distribution system in France Embedded RDF , a syntax for writing HTML Environmental Restoration Disposal Facility , at the Hanford Site , US Topics referred to by
12-595: A large contributor to the CAP and the EEC budget, and sought to offset this deficit by having the ERDF established. They would then be able to show their public some tangible benefits of EEC membership. The ERDF was set to be running by 1973, but the 1973 oil crisis delayed it, and it was only established in 1975 under considerable British and Italian pressure. It started with a budget of 1.4 billion units of account , much less than
18-529: Is different from Wikidata All article disambiguation pages All disambiguation pages European Regional Development Fund During the 1960s, the European Commission occasionally tried to establish a regional fund, but only Italy ever supported it. Britain made it an issue for its accession in 1973 , and pushed for its creation at the 1972 summit in Paris. Britain was going to be
24-738: The European Union ). Failure to comply with these legal requirements may result in irregularity rulings which carry financial implications. One project supported by the Fund is the Golf Club Campo de Golf in the African Spanish exclave Melilla , located right next to the border with Morocco where African migrants regularly attempt to enter the territory of the EU by climbing a triple fence with razor wire. In 2009, Ecologists in Action called
30-542: The original British proposal of 2.4 billion units of account, but has increased rapidly both proportionally and absolutely in the course of time. Since its creation, it has operated under changing set of rules that were standardised with Single European Act and is now in its 2014–2020 period. As part of its task to promote regional development, the ERDF contributes towards financing the following measures: All awards of ERDF must comply with European Union competition law (including State Aid Law and Government procurement in
36-404: The same term [REDACTED] This disambiguation page lists articles associated with the title ERDF . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=ERDF&oldid=747778155 " Category : Disambiguation pages Hidden categories: Short description
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