European Regional Development Fund (ERDF)

The European Regional Development Fund (ERDF) is a financial tool created by the European Union to promote economic development and reduce regional disparities across Europe. It provides funding to support infrastructure projects, local development initiatives, and investments in businesses, particularly in less affluent areas. The goal is to enhance the quality of life, boost employment opportunities, and foster sustainable growth. By supporting innovation and improving connectivity, the ERDF helps to create a more balanced and integrated European economy.