European Regional Development Fund

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European Regional Development Fund

Reducing Economic Differences: European Regional Development Fund

Introduction to European Regional Development Fund

The European Regional Development Fund is concerned with infrastructure developments proposed by member governments. Since 1989 it has focused on regions with weak economies, severe industrial decline, or problems of rural development. Each member country is eligible to receive a percentage of the fund’s budget, determined roughly by its population size and economic wealth. The fund normally covers only 50 percent of the proposed costs; the remainder has to come from national sources.

European Regional Development Fund (ERDF) and the European Union

Resources

See Also

  • Structural funds

Resources

Notes and References

  • Information about European Regional Development Fund in the Encarta Online Encyclopedia

    • Guide to European Regional Development Fund

    More Topics about the European Union

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