A/ Cohesion Found (CF)
Cohesion Fund (CF) is the structural instrument which has been, since 1994, helping the Member States to reduce the economic and social differences and stabilise the economy. The Cohesion Fund finances up to 85% of all the eligible costs of major projects in the field of environment and transport infrastructure. The Cohesion Fund is not a structural fund. The European regional Development Fund and the European Social Fund are structural funds. If a Member State’s gross national income is lower than 90% EU average it is eligible for drawing on the funds from the Cohesion Fund.
B/ European Social Fund (ESF)
The European Social Fund (ESF) is the oldest of the structural funds. It was established by the Treaty of Rome in 1957 with the objective to reduce the differences in wealth and living standards in the EU Member States and regions and to promote economic and social cohesion. The mission of the ESF is to invest into human resources, job creation, promotion of employment and employability and strengthening innovations. More than 10% of the overall EU budget is, through the ESF, meant for investing into the most important EU capital - people.
C/ European Regional Development Fund
The European Regional Development Fund objective is strengthening economic and social cohesion and to offer assistance in eliminating the gravest development imbalances of the regions. ERDF thus contributes to reducing the gap between the levels of development of various regions. These are the regions which have the most limited possibilities including the rural and city areas, regressive industrial regions, areas with geographic and natural obstacles such as islands, mountainous areas, sparsely populated areas and border regions. ERDF implements Community priorities for strengthening competitiveness and innovation, creativity and preservation of permanent jobs and ensuring sustainable development.