European investment funds

Until 2020 Rhône-Alpes Region will become the EU funds Managing Authority

1.3 billion euros for the Regional Development Fund, the Agricultural Fund and the Social Fund.

Rhone Alps Economy and European Investment fund

In 2014, the Rhône-Alpes Region became the EU funds Managing Authority until 2020.

For the next seven years, the Region will manage around 1.3 billion euros for the Regional Development Fund (ERDF), the Agricultural Fund for Rural Development (EAFRD), and the Social Fund (FSE).

As the primary French recipient of European investment fund, the Rhône-Alpes Region will also be responsible for the Franco-Italian ALCOTRA programme, and will oversee part of the Rhône Plan that involves several partners (States, Regions, etc.).

The role of the region in managing its european investment fund :

The Rhône-Alpes Region will focus on several objectives:

  • Supporting sustainable employment, economic development, and research and innovation
  • Guiding the energy transition
  • Maintaining equilibrium and solidarity between different Rhône-Alpes territories

To do so, the Region will consult with and mobilise Rhône-Alpes citizens who are the most affected by these programmes. Indeed, during the 2007-2013 period, more than 2.6 billion euros were invested in the region thanks to a number of funding sources that were complementary to European funds.

LEXICON OF EUROPEAN INVESTMENT FUND

ERDF. The European Regional Development Fund aims to support innovation, ensure the diversification and promotion of economic activities, protect the environment and prevent risks, extend accessibility (ICTs, soft transport modes), and develop the Rhône river sustainably.

EARFD. The European Agricultural Fund for Rural Development supports rural and forestry areas to promote more competitive farming, quality food products, a balanced and environmentally-friendly rural space, a diversified economy and better quality of life.

ESF. The European Social Fund fits in with the objectives of the European strategy for employment: increase in the employment rate (especially employment for women and seniors), anticipation of economic transformations, access to training, prevention of long-term unemployment, strengthening social cohesion and developing personal mobility.