European Commission Adopts European Regional Development Fund Programme for England

The European Commission has adopted the England Operational Programme for 2014-2020, worth 6.5 billion euro with 3.6 billion euro coming from the European Regional Development Fund.

Investment will focus on research and innovation, supporting small and medium enterprises (SMEs) and promoting the low carbon economy, through energy efficiency measures. 40% of the programme - an allocation of 1.464 billion - will go towards supporting SMEs. This should result in 65,000 SMEs receiving business support by 2023. Emphasis will also be put on the role of financial instruments to help leverage and multiply the value of EU structural funds.

For further information on the programme please click on the link below.