ERDF (European Regional Development Fund)

The European Regional Development Fund (ERDF) is a financial tool established by the European Union to support regional development. It aims to reduce economic disparities between regions across member states by funding projects that promote growth, innovation, and job creation. The ERDF primarily targets less developed areas, investing in infrastructure, business support, and sustainable development. By backing local initiatives, the fund helps improve living standards and fosters cohesion within the EU, ensuring that all regions can thrive economically and socially.