Definitions for "European Regional Development Fund"
This is european funding targeted at disadvantaged regions.
(ERDF) The aim of this Fund is to promote economic and social cohesion by correcting the main regional imbalances and participating in the development and conversion of regions. To that end, the ERDF shall also contribute to sustainable development and creation of sustainable jobs.
An EC structural fund which aims to reduce inequalities in socio-economic development between the regions in the Community, by supporting infrastructure projects, job-creation investments, local development and aid for SMEs.