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European Regional Development Fund (ERDF) in Nottingham
The European Regional Development Fund (ERDF) provides funding for projects which contribute to economic development and regeneration, promoting competitiveness and delivering sustainable development.
The current programme runs from 2007-13 and is worth over £200 million to the East Midlands. The programme has three main aims:
- Increasing productivity through innovation
- Improving resource efficiency in businesses and communities
- Increasing sustainable economic and enterprise activity in disadvantaged communities
Activity supports a range of beneficiaries including SMEs, universities, local authorities, business support intermediaries, entrepreneurs, social enterprises and community organisations.
There are two 'Priority Axes'.
Priority Axis 1 supports the first two aims and is available throughout the region, managed by a regional ERDF team. More information and details of how to bid for funding is currently available from the East Midlands ERDF website.
Priority Axis 2 is focused on the third aim and is only available in the more disadvantaged parts of the region. The whole of the Nottingham City area is eligible.
There is currently a final call for projects ('The Challenge Fund') being issued at a regional level for both priority axes. More details from the regional ERDF website: https://www.gov.uk/erdf-regional-guidance-east-midlands