Structural Funds of the European Community
Fonds structurels de la Communauté européenne
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History
Set up within the framework of H-XD0665 - European Community, within the broad framework first of the H-XF0662 - European Communities (EC) and now of the F-XF2147 - European Union (EU) and administered by the E-XE2442 - European Commission (EC). Currently functioning under revised regulations of Jul 1993 for 1994-1999. Not an organization but a collective term, originally grouping 3 funds: U-XF3548 - European Agricultural Guidance and Guarantee Fund (EAGGF) (set up 1962) and replaced by European Agricultural Guarantee Fund (EAGF) (2007); F-XF5543 - European Regional Development Fund (ERDF) (set up 1975); F-XF5544 - European Social Fund (ESF) (set up 1957). U-XF2836 - Financial Instrument for Fisheries Guidance (FIFG) was added in 1993 and in 2007 replaced by H-XM1890 - European Fisheries Fund (EFF). The F-XK1124 - Cohesion Fund, established 7 Feb 1992, commenced normal operations 16 May 1994, while not a Structural Fund as such, it supports structural development by assisting transport and environmental infrastructure projects. In addition, the F-XF0670 - European Investment Bank (EIB) uses loans to provide for economic and social cohesion. Collective noun ceased to exist, when European Community ceased to exist, 2009.
Aims
Provide the principal means through which the Community supports efforts of member states to achieve greater economic and social cohesion and ensure more equal access to benefits resulting from closer economic integration by: reducing disparities in living standards, infrastructure endowment and employment opportunities between the most advanced and least developed regions of the Community; improving the access to jobs of disadvantaged social groups and helping workers adapt to industrial change. Principles (4): 'concentration' on priority objectives; an approach based on medium-term 'strategic programming'; decentralized decisions taken through 'partnership' arrangements, involving close collaboration between the Commission and appropriate national, regional or local authorities; 'additionality', such that Community assistance complements rather than replaces member states' own efforts. Objectives in force for 2000-2006: "Objective 1" - Promoting development and structural adjustment of regions whose development is lagging behind. "Objective 2" - Supporting economic and social conversion of areas facing structural difficulties. "Objective 3" - Supporting adaptation and modernization of policies and systems of education, training and employment; this objective to provide financial assistance outside regions covered by Objective 1 and provide a policy frame of reference for all measures to promote human resources in a national territory without prejudice to the special features of each region. In pursuing these objectives: contribute to harmonious, balanced and sustainable development of economic activities, development of employment and human resources, protection and improvement of the environment, elimination of inequalities and promotion of equality between men and women.
Activities
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Available with paid subscription only.UN Sustainable Development Goals **
UIA Org ID
XF2837
Last News
2013
** UN SDGs are linked to the subject classification.
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