The European Union’s (EU) multiannual financial framework for 2014-20 allows the new generation of EU spending programmes to be implemented from 1st January 2014. Regulation (EU) N°1303/2013   lays down common provisions applicable to the European Regional Development Fund (ERDF), the European Social Fund (ESF), the Cohesion Fund (CF), the European Agricultural Fund for Rural Development (EAFRD) and the European Maritime and Fisheries Fund (EMFF). These Funds operate under a common framework known as the ‘European Structural and Investment Funds’ or ‘ESIF’. The Regulation also sets out the provisions necessary to ensure the effectiveness of the ESIF and their co-ordination with one another and with other EU instruments.
In order to maximise the ESIF’s impact, eleven thematic objectives (TO) are outlined in the Regulations (Article 9, Regulation (EU) N°1303/2013).
A central plank of the Government’s strategy for growth has been the creation of thirty-nine Local Enterprise Partnerships based on functional economic areas. These are partnerships between local businesses and local government and other key players such as universities, the voluntary and community sector and social and environmental partners, to take a strategic view on how best to deliver growth and jobs in their economic areas.
For the 2014-2020 programming period the UK Govt has placed the ERDF, ESF, EAFRD and EMFF under a ‘Common Strategic Framework’ (CSF). This alignment provides an opportunity to implement much more strategically focussed programmes. The Govt has proposed an ‘EU Growth Programme’ where the objectives of the four funds overlap. This combined programme covers innovation, including research and development, SME competitiveness, skills, low carbon and employment.
The Govt wants investments under the ‘EU Growth Programme’ to be as coherent as possible and to ensure consistency between national and local requirements Local Enterprise Partnerships were invited to be the building blocks of the ‘EU Growth Programme’.
At a technical level each Fund will continue to operate as a distinct fund with its day to day running being overseen by the respective Managing Authority. To ensure coherence there will be an "EU Growth Programme Board" made up of Govt and Commission representatives plus key stakeholders. This Board will oversee the investments and administration of ERDF and ESF. In addition, the portfolio of investments under each thematic heading will be overseen by a thematic steering group who will work closely with relevant stakeholders.
UK Government ESIF website
In the North West the aim is to use the of EU funding to further the following 12 economic development priorities:
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