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Select Committee on European Communities Eleventh Report


Chart 2
  • The Structural Funds include:

  • Amongst the investment priorities of Structural Funds, three Objectives are geographically focussed on regions confronted with economic difficulties:

     Objective 1: assisting regions lagging behind in development (whose GDP is normally 75% or less than the Community average)
     Objective 2: adapting declining industrial areas
     Objective 5b: developing and adjusting the structure of vunerable rural areas.
    The other, non-regionally determined Objectives are:
     Objective 3: combating long-term unemployment and improving employment chances for the young
     Objective 4: adapting the workforce to industrial changes
     Objective 5a: adjusting agricultural structures and modernising the fishing industry
      Transitional and innovatory measures

  • The Funds support the Objectives as follows:

      Obj. 1 Obj. 2 Obj. 3 Obj. 4 Obj. 5a Obj. 5b
    ERDF      
    ESF  
    EAGGF-G      
    FIFG          

  • A Cohesion Fund has been introduced to complement the Structural Funds for those countries whose national GDP is less than 90% of the Community average (Greece, Ireland, Portugal, Spain). This fund has a total of ECU 13.6 billion for the period 1994-1999.

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