1 European Funding Current and future opportunities

2 Where are we? Midway through funding cycle Abolition of RDAs necessitating changes in delivery arrangements for regionally administered funding Launch of EU 2020 strategy Starting discussions about post 2013

3 EU Expansion

4 EU Budget

5 Cohesion and Competitiveness for growth and employment Direct aids and market related expenditure Rural development The EU as a global partner Citizenship, freedom, security and justice Total Administrative expenditure Compensations for Bulgaria and Romania EU Budget 2008 EU Budget

6 EU 2020 The EUROPE 2020 strategy replaces the Lisbon Strategy as the EU’s 10 year Economic plan. There are three main priorities to the new Europe 2020 strategy: –SMART GROWTH - developing an economy based on knowledge and innovation. –GREEN GROWTH - promoting a sustainable and competitive economy –INCLUSIVE GROWTH - fostering a high-employment economy delivering social cohesion

7 What is ERDF? The European Union provides €583.6 million for Yorkshire and the Humber to invest in the region by The money, from one of Europe's Structural Funds - the European Regional Development Fund (ERDF), is provided to boost the region's economic performance, investing to increase innovation, competitiveness and employment. The ERDF programme's strategy identifies three broad priorities for investment for the region.

8 Priority One Promoting Innovation and Research & Development This will foster innovation in organisations through the exchange, sharing, and exploitation of new knowledge and technology. It will inspire more research and development and assist organisations to continually innovate through new products and processes, new organisational changes and marketing methods.

9 Priority Two Stimulating and Supporting Successful Enterprise Promotes a more entrepreneurial culture and creates a supportive environment for SME's (including social enterprises and new businesses). It will foster the creation of new firms and will offer assistance to them. It will create a culture promoting best practice in management, innovation, motivation and improved links between enterprise and education.

10 Priority Three Developing Sustainable Communities Will facilitate better connectivity between people, places and economic opportunities. It will make the link between strategies for economic growth and social inclusion, and it will achieve this by focussing interventions where they are needed most.

11 Cross Cutting Themes Cross Cutting Themes are required by the European Commission because Environmental Good Practice, Equalities and Diversity are essential aspects of making economic and social progress throughout Europe.

12 Future Opportunities Future activity under “Regions for Economic Change” Maximising the use of ERDF for growth of the Renewables sector Engaging the voluntary and community sector in ERDF bidding Supporting the Visitor Economy

13 Progress on Expenditure & Commitment Against Funding Allocation, June 2011 – supplied by Regeneris Consulting

14 Contact details Humber Technical Assistance