The European Structural and Investment Funds (ESIF) are the European Union’s main funding programmes for supporting growth and jobs across EU member states.
The total D2N2 ESIF allocation for 2014-2020 is £196.5 million for the following programmes:
ERDF generally funds activity which helps small to medium sized enterprises (SMEs) to grow, enables SMEs to make the most of ICT developments, supports research and innovation in SMEs and reduces carbon emissions across Derbyshire and Nottinghamshire.
ESF supports individuals to find employment, develop skills required in today’s labour market and supports social inclusion.
EAFRD provides specialist support for SMEs in the rural areas of D2N2 to thrive and grow.
To be able to access funding, D2N2 has produced an ESIF strategy which sets out local priorities to be supported, proposed initiatives, and expenditure profiles to include sources of match funding. The strategy can be downloaded here.
Information on calls for ESIF funded projects in D2N2 will be published on the ESIF funding pages of the GOV.UK website
Significant areas of Derby, Derbyshire, Nottingham and Nottinghamshire are among parts of the country which have been designated with Assisted Area status. This should help create jobs and encourage investment in premises and machinery through capital allowances and additional tax breaks for businesses.
For more information on Assisted Areas, please follow this link.
A list of beneficiaries, publicity materials, programme regulations and a glossary for organisations running European Regional Development Fund and European Social Fund projects can be found at the GOV.UK website.