European Funds in Wales
The 2014-2020 European Regional Development Fund (ERDF) and European Social Fund (ESF) Structural Fund programmes, together with the European Agricultural Fund for Rural Development (EAFRD) and European Maritime and Fisheries Fund, form what are collectively known as the European Strategic Investment (ESI) Funds in Wales.
The ERDF and ESF structural funds help support research and innovation, the competitiveness of small and medium-sized enterprises, renewable energy and energy efficiency, and connectivity and urban development. They are helping to tackle poverty by helping people into work, increasing skills and supporting young people. Together with match funding, the funds will drive a total investment of at least £2.7bn across Wales.
The European Agriculture Fund for Rural Development (EAFRD) and European Maritime and Fisheries Fund (EMFF) are delivered through the Welsh Government.
The European Commission also directly manages several EU funding streams which provides further opportunities for growth and jobs across Wales. Horizon 2020, worth £65bn, is driving research and innovation across the EU, while COSME, Creative Europe, Connecting Europe, Life+, and Erasmus+, are investing in business competitiveness, creative and cultural industries, transport, energy and digital networks, conservation and the environment and studying opportunities abroad.