Strukturfonds

A Strukturfonds, or structural fund, is a type of financial instrument used in the European Union to support the economic development of less developed regions. These funds are part of the European Regional Development Fund (ERDF) and the European Social Fund (ESF), which are key components of the European Union's structural funds framework.

The primary goal of Strukturfonds is to promote economic growth and reduce regional disparities within the EU. They provide financial support to projects and programs that aim to improve the competitiveness of businesses, enhance the quality of employment, and foster social cohesion. This support can take various forms, including direct grants, loans, and guarantees.

The funding for Strukturfonds comes from the EU budget and is allocated to member states based on their economic needs and priorities. The allocation process is designed to ensure that funds are directed to regions that require the most assistance. The specific projects and programs that receive funding are selected through a competitive process, where applicants submit proposals that are evaluated based on criteria such as economic impact, feasibility, and alignment with EU objectives.

One of the key features of Strukturfonds is their flexibility, as they can be adapted to address the unique needs of different regions and sectors. This adaptability allows them to play a crucial role in supporting the EU's broader economic and social policies, such as the Green Deal and the Digital Decade. By investing in infrastructure, innovation, and human capital, Strukturfonds contribute to the long-term sustainability and competitiveness of the EU economy.