ERDF funds

More than half of EU funds are channelled through five European Structural and Investment Funds (ESI Funds), jointly managed by the European Commission and EU countries. All these funds are intended to invest in job creation and a sustainable and healthy European economy and environment.

One such fund is the European Regional Development Fund (ERDF), which promotes balanced development in the different REGIONS of the EU.

The European Regional Development Fund (ERDF) aims to strengthen socio-economic cohesion within the European Union by correcting the imbalances between its regions.

The ERDF focuses its investments on several key priority areas. This is known as thematic concentration:

  • innovation and research,
  • digital program,,
  • support to small and medium-sized enterprises (SMEs),
  • best low-carbon economy.
The implementation of the Funds is carried out through the Operational Programmes which set out the investment priorities of the region. Framed in the Regional Programs of the Canary Islands, three ERDF Operational Programmes are distinguished:

Council Regulation (EC) 1083/2006 of 11 July 2006 lays down general provisions concerning the European Regional Development Fund, the European Social Fund and the Cohesion Fund.

Enacts of interest: