Community Research and Development Information Service - CORDIS

Programme funding

EUR 200 million

Official Journal Reference

L 225 of 1988-08-15

Legislative Reference

2506/88/CEE of 1988-07-26
To initiate a series of consistent multiannual measures to improve the infrastructure and physical and social environment in areas suffering from unemployment as a result of the decline in shipbuilding as well as to establish new job-creating economic activities, encourage the growth of SMEs and promote innovation in these areas.

Abstract

Council Regulation (EEC) No 1787/84 of 19 June 1984 (Official Journal No L No 169 of 28.6.1984) on the European Regional Development Fund (ERDF) provides for participation by the Fund in Community programmes which are designed to help solve serious problems affecting the socio-economic situation in one or more regions and to provide a better link between the Community's objectives for the structural development or conversion of regions and the objectives of other Community policies.

On 26 January 1987 the Council adopted Directive 87/167/EEC on aid to shipbuilding (Official Journal No L 69 of 12.3.1987) in the context of a further reduction in shipbuilding capacity in the Community and an even greater reduction in employment.

Analogous measures in the past were aimed at overcoming constraints on the development of new economic activities in zones adversely affected by the restructuring of the shipbuilding industry.

Subdivision

Information not presently available.

Implementation

The programme is financed jointly by the Member States concerned and the Community. Programmes of assistance drawn up by the competent authorities in a Member State must be forwarded to the Commission. All or part of the aid granted by the Community may be in the form of a capital grant or an interest subsidy. This aid may not be combined with aid granted for the same project under other analogous measures.

The European Regional Development Fund (ERDF) may participate in certain operations of the programme up to 55% of the total public expenditure involved. Eligible for ERDF assistance are public authorities, local and regional authorities and other bodies, businesses, cooperatives or individuals.
Record Number: 68 / Last updated on: 2014-03-05