The European Regional Development Fund (ERDF) is the largest of five European Structural and Investment Funds, which are the European Union’s financial support for economic, social and territorial cohesion. The ERDF’s task, as specified in Article 176 of the Treaty on the Functioning of the EU, is to redress the main regional imbalances in the Union through investments in the development and structural adjustment of regions whose development is lagging behind. Moreover, the fund should support the conversion of declining industrial regions.
The European Structural and Investment Funds
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