The EU has the following Structural and Investment Funds:
European Regional Development Fund (ERDF). Objective: to
strengthen the economic cohesion
European Social Fund
Cohesion Fund.
Countries benefiting from the Cohesion Fund: Bulgaria, the Czech Republic, Cyprus, Croatia, Estonia, Greece, Hungary, Latvia, Lithuania, Malta, Poland, Portugal, Romania and Slovakia
Non-beneficiary countries: Germany, Austria, Belgium, Denmark, France, Slovenia, Spain, Finland, Ireland, Italy, Luxembourg, the Netherlands, and Sweden
European Agricultural Fund for Rural Development
European Maritime and Fisheries Fund
The main objectives of these European funds are to improve the economy, environment and employment.
The European Structural and Investment Funds are managed by the European Commission.