2007 - 2013 London and European Structural Funds
The Greater London Authority is responsible for managing London's European Structural Funds programmes, which are the main instrument for supporting social and economic cohesion across the European Union (EU).
They account for over one third of the EU budget and are used to tackle regional disparities and support regional development
For 2007–2013 London was awarded over £1 billion from two Structural Funds:
- The European Social Fund (ESF) - £840 million including match funding
- The European Regional Development Fund (ERDF) - £330 million including match funding
2014 - 2020 London and European Structural Investment Funds
The London Enterprise Panel (LEP) is responsible for setting the strategic direction and priorities of the London 2014-20 European Structural and Investment Funds (ESIF). The LEP has been awarded €748.6m of European Social Fund (ESF) and European Regional Development Fund (ERDF) to invest in boosting jobs and growth for London.
The 2014-20 ESIF Strategy for London sets out the key areas for investment against the LEP’s four Jobs and Growth Plan priorities: Skills and Employment, SME Competitiveness, Science and Technology and Infrastructure.
A first draft of the strategy submitted to Government can be found here. An online consultation on the strategy closed on 15 November 2013, although the LEP will continue to engage with stakeholders until the strategy is finalised in January 2014.
European Programmes Management Unit (EPMU)
The GLA’s European Programmes Management Unit (EPMU) is the ‘Intermediate Body’ responsible for the delivery of London’s 2007–13 and 2014-20 EU Programmes.