Institut Valencià de Finances
Institut Valencià de Finances
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- Industry focus: All
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- Entity type: Public Agency
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- Website: http://www.ivf.gva.es/feder
- Status: Open
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- Public/Private: Public
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Overview
Within the Structural Funds of the European Union, the European Regional Development Fund (ERDF) aims to strengthen socio-economic cohesion within the European Union by correcting imbalances between its regions.
The ERDF focuses its investments in several key priority areas. This is known as 'thematic concentration':
-innovation and research,
-digital program,
-support for small and medium enterprises (SMEs),
-low carbon economy-
The ERDF resources allocated to these priorities will depend on the category of the region:
-in more developed regions, at least 80% of funds must focus on at least two of these priorities,
-in transition regions, the minimum limit is 60% of the funds,
-for less developed regions, the minimum is 50%.
In addition, some of the ERDF resources must be allocated specifically to low-carbon economy projects:
-in the most developed regions: 20%,
-in transition regions: 15%,
-in less developed regions: 12%
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