European Regional Development Fund (1)

Meeting: 
MQT on 2014-12-17
Session date: 
December 17, 2014
Reference: 
2014/5541
Question By: 
Len Duvall
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

How much has been allocated to London for the next round of the ERDF?

Answer

Answer for European Regional Development Fund (1)

Answer for European Regional Development Fund (1)

Answered By: 
The Mayor

London has been allocated €791m for the European Structural and Investment Funds programme 2014-20 (approximately £678m, subject to exchange rate fluctuations). The London Enterprise Panel has agreed that £176m of this should be allocated to ERDF, the remainder to the European Social Fund.

Allocations are subject to change pending conclusion of Government and European Commission negotiations.