European Structural and Investment Funds (ESIF) - European Social Fund (ESF)
Another important branch of funding opportunities is the:
• European Structural and Investment Funds (ESIF). Specific attention is given to European Social Fund (ESF), which supports EU investments in human capital development for better employability opportunities of young and adult people.
ESF: how does it work?
In cooperation with the European Commission, Member States agree on one or multiple operational programmes detailing specific priorities and objectives for that given seven-year programming period (2021 – 2027).
Funds are distributed per region based on a specific set of parameters – regional GDP compared to EU average – which results in the so defined “eligibility criteria” of the given region.
There are three cluster of eligibility criteria, users can find the eligibility of their region following this link, under the “Maps” section.
Financial resources from the ESF are aimed at supporting local projects that strengthen employment opportunities for young people and adults, but also education, equal opportunities and social inclusion. These projects are conceived as formal partnership between the European Commission and national/regional authorities, with the additional support and engagement of a large cohort of groups of interest from public, private and thirds sectors.
The nature of ESF-funded projects can be extremely diverse, even more in consideration of the fact the scale and scope of the fund vary depending on the beneficiary region.
For a comprehensive overview on what kind of use each Member State is making of ESF, please consult the following interactive map.