EU Structural Funds Essay Example | Topics and Well Written Essays - 1500 words

EU Structural Funds - Essay ExampleIndeed, this approach towards collective growth broadly forms the guideline for the distri hardlyion of the Funds especially during the current budgetary cycle (DNSRF 2006, p. 7, 9). The Structural Funds are split into the European Regional phylogenesis Fund (ERDF) and the European Social Fund (ESF) (DNSRF 2006, p. 7, 10), based on the kind of activities they foster - while they are distributed based on Objectives. Objectives are the eligibility criteria drafted by the EU which determine the volume of investment assistance that can be assigned to a region. The areas that are eligible for investment aid are identified by the Member earths based on the EUs Regional State Aid Guidelines (DNSRF 2006, p. 6, 7). The 2000-2006 programme had three Objectives, namely, Objective 1, Objective 2 and Objective 3, and also a fewer Community Initiatives like Interreg. The 2007-2013 perspective has three Objectives again, but has the following changes the Conv ergence Objective (which replaces Objective 1), to develop those regions with a GDP per Capita below seventy-five portion of the EU average the Regional Competitiveness and Employment Objective (which replaces Objectives 2 and 3), to support the more prosperous regions and the Cooperation Objective (which replaces Interreg), to foster cross-border and trans-national cooperation (DNSRF 2006, p. 7, 11). ... DF activities include developing fundament and environmental sustainability, improving accessibility and connectivity, promoting community regeneration and rural development, promoting and encouraging enterprise, increasing investment in research and development and improving favourable vexation environment. ESF activities include increasing - and tackling barriers to - employment, improving skills levels of the local workforce, progressing people into sustained employment and progressing people to better-quality and better-paid jobs (DNSRF 2006, pp. 35-36, 44-48).National Strate gic Reference FrameworkEach Member State is required to draw up an Assisted Areas Map based on the EUs Regional State Aid Guidelines which establishes the areas that are eligible for investment aid. These areas are provided aid either by the Member State or through the Structural Funds (DNSRF 2006, p. 6, 7). The EU does not fund all the projects of its Member States. It requires them to draw up a National Strategic Reference Framework (NSRF) which not only acts as a reference instrument for the provision of Structural Funds but also ensures that the Structural Funds spending is consistent with the Community Strategic Guidelines and the Member States National Reform Programme (NRP) for delivering the Lisbon Agenda. (DNSRF 2006, p. 9, 18). The NSRF includes an analysis of the Member States frugal strengths and weaknesses and specifies the strategy chosen for the three Objectives (DNSRF 2006, p. 9, 19). The NSRF thus becomes a key instrument upon which the EU depends, for the distribu tion of its funds - specifically the Structural Funds. As it needs to illustrate a Member States strengths and weaknesses, the NSRF contains data from the previous perspectives, thus leading