Parts of Wales benefit from European funds and collectively these are known as the European Structural and Investment Funds
What is it?
EU Developmental Aid
Who gets it?
28 Member States
When do we get it?
7 year funding cycles
Why do we get it?
To raise wealth, promote
development and social
How do we receive it?
The money comes through
the Welsh European Funding
How much of it do we
£1.8 billion between 2014-2020
For more information on ESI funds, see our Information Sheet
- Overview of ESI Funds 2014-2020
The two funds most commonly accessed by the third
sector are the:
European Social Fund (ESF)
ESF is about people. Its purpose is to improve employment
opportunities, promote social inclusion and invest in skills by
providing support to help people fulfil their potential.
European Regional Development Fund (ERDF)
ERDF is about business and infrastructure. Its purpose is to
support research, strengthen businesses, promote renewable
energy and improve infrastructure.
The two remaining funds are the
European Agricultural Fund for Rural Development
(EAFRD) and the
European Fisheries Fund. As you've probably already
guessed, these are to do with agriculture and fish.
How is the money allocated?
The majority of money goes to West Wales and the
Valleys which is classed as a lesser developed region. A
smaller amount goes to East Wales which is classed
as a more developed region. Projects are either delivered in East
Wales or West Wales and the Valleys, they can't be mixed. For
example, Active Inclusion has 4 projects approved: Over 25s East
Wales, Over 25s West Wales and the Valleys, Youth East Wales and
Youth West Wales and the Valleys.