European Regional Development Fund (ERDF)
European Regional Development Fund (ERDF) : Within the framework of the ERDF, regional development programmes are presented to the European Commission by the European Union (EU) Member States in order to benefit from funding co-financed within the priority regional objectives. Originally, the ERDF resources did not go exclusively to the poorest regions of the European Community (EC). Each EU Member State was allocated a percentage quota of the Fund, against which it could bid for support. This provided aid for the weakest regions in each country, no matter how healthy they might be in the context of the EC as a whole. The latest multi-annual programme runs from 2000-06 and was determined at the European Council Summit in Berlin in March 1999. This followed the Commission's action plan, Agenda 2000, which aimed to provide the European Union (EU) with a new financial framework for enlargement. See: Agenda 2000. European Social Charter See: Community Charter of the Fundamental Rights of Workers (Social Charter)
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