The European Regional Development Fund

The European Regional Development Fund (ERDF) is a cash pool provided by the European Union to support economic growth across its regions. Its goal is to reduce disparities between areas by funding projects that improve infrastructure, innovation, business competitiveness, and sustainable development. This helps create jobs, boost local economies, and foster a more balanced development across member states. Essentially, the ERDF invests in projects that strengthen regional economies, making them more dynamic and resilient for long-term prosperity.