APPENDIX 4
LDA'S ROLE WITH RESPECT TO EU FUNDING
Unlike the position in the regions outside London,
the LDA and the Mayor of London have devolved responsibility for
both London's European Regional Development Fund 2007-2013 Programme
(ERDF) and London's European Social Fund 2007-13 Programme (ESF).
The ERDF and ESF programmes are administered
by the European Programmes Management Unit within the LDA, which
has been set up separately from those parts of the LDA that may
bid for ERDF, and the part of the LDA that operates as an ESF
"co-financing organisation".
ERDF
A Statutory Instrument has delegated responsibility
for management of ERDF to the LDA and the Mayor of London.
The £140m ERDF programme (plus match-funding)
is relatively small, and funds are allocated to projects via open
competitive bidding rounds. ERDF projects must supply their own
match funding.
The Mayor, following recommendations by a moderation
panel confirms the ERDF projects to be supported.
ESF
The LDA plays the same role in respect of administering
ESF as Government Offices (GOs) do in regions outside London.
Whereas GOs chair ERDF and ESF Programme Monitoring Committees
outside London, the Mayor chairs the London Committees.
The £375m ESF programme (plus match-funding)
is England's largest. Funding is co-ordinated between four co-financing
organisations (CFOs), one of which is the LDA. Each of these CFOs
supplies match funding and operates its own competitive bidding
processes.
JESSICA
London also hopes to be first EU region to launch
the new Joint European Support for Sustainable Investment in City
Areas (JESSICA) financial instrument, in partnership with the
European Investment Bank.
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