European Structural and Investment Funds
European Structural and Investment Funds (ESIF) provide EU Member States with financial assistance to deliver the EU2020 strategy of Smart, Sustainable and Inclusive Growth, increasing economic activity and employment across the EU.
Smart - developing an economy based on knowledge and innovation;
Sustainable - promoting a resource efficient, greener and more competitive economy;
Inclusive - fostering a high employment economy delivering social and territorial cohesion.
The implentation of ESIF in Member States is set out in the EU Common Provisions and underpinned by other European regulations.
The funds are focused on EU priorities in areas such as employment, innovation, education, poverty reduction and climate/energy. They also align with Scottish Government priorities to reduce poverty and social exclusion, boost educational attainment and skills development, grow employment levels, economic activity and innovation, and climate change/renewable energy.
The Scottish Government is the Managing Authority for the European Regional Development Fund (ERDF) and European Social Fund (ESF) programmes in Scotland. It has overall responsibility for the implementation, management and effectiveness of funds distributed through the programmes.