European Structural and Investment Funds (ESIF)

The European Structural and Investment Funds (ESIF) are financial tools established by the European Union to promote economic development across member states. They aim to reduce disparities between regions, enhance employment, and support sustainable growth. The ESIF consists of several funds, including the European Regional Development Fund (ERDF) and the European Social Fund (ESF), which invest in projects such as infrastructure, job training, and innovation. By providing resources to regions in need, ESIF helps improve living standards, boost economic performance, and foster social cohesion throughout Europe.