ERDF Sample Clauses
The ERDF clause refers to provisions related to the European Regional Development Fund, which is a financial instrument of the European Union aimed at strengthening economic and social cohesion by correcting imbalances between regions. In contractual or grant contexts, this clause typically outlines the requirements for projects or activities funded by the ERDF, such as eligibility criteria, reporting obligations, and compliance with EU regulations. Its core practical function is to ensure that recipients of ERDF funding adhere to the specific rules and objectives set by the EU, thereby promoting transparency, accountability, and the effective use of regional development resources.
ERDF. The European Union's Cohesion Policy intends to strengthen the Community's economic and social cohesion in order to promote the harmonious, balanced and sustainable development of the Member States3, while reducing the economic and social, territorial disparities arisen especially in countries and regions lagging behind and speeding-up their economic and social restructuring, in line with Article 158-161 of the Treaty. The present INTERREG Community initiative supports cross-border, transnational and interregional co- operation. Its aim is to promote the co-operation between the regions on EU borders, to strengthen economic and social cohesion, the balanced and sustainable development of the European territory, to strengthen territorial integration between Member States, candidate and potential candidate countries. For the next programming period of 2007-2013 new objectives were defined in the field of Cohesion Policy, which are as follows: ▪ The Convergence objective; ▪ The Regional competitiveness and employment objective; ▪ The European territorial co-operation objective. Within this framework of reforms the European territorial co-operation objective of the 2007-2013 programming period focuses its assistance provided by ERDF on three main cooperation fields: ▪ The development of cross-border economic, social, environmental activities through joint strategies for sustainable territorial development; ▪ Strengthening of transnational co-operation through actions related to Community priorities and promoting integrated territorial development; ▪ Reinforcement of the effectiveness of regional policy by promoting inter-regional co-operation, through exchange of experience at appropriate territorial level. The European territorial co-operation objective provides assistance in border regions mainly for the development of cross-border economic, social, environmental activities primarily focused on: ▪ Encouraging entrepreneurship, in particular, the development of SMEs, tourism, culture, and cross- border trade; ▪ Encouraging and improving the joint protection and management of the environment as well as the prevention of natural resources; ▪ Supporting links between urban and rural areas; ▪ Reduction of isolation through improved access to transport, information and communication networks and services, and cross-border water and energy systems and facilities; ▪ Development of collaboration, capacity and joint use of infrastructures in particular in sectors such...