European Structural and Investment Funds
In 2013, the Thames Valley Berkshire area was “notionally” allocated circa £25m of European Structural & Investment Funds (ESIF) to be invested between 2014 and 2020. These funds comprise:
The LEP is the author and owner of the ESIF Strategy. The aim of the Strategy is to provide the context for the most effective investment of ESIF, which is awarded to applicants through an open ‘Call’ procurement process managed by central government. In April 2016, we submitted a refreshed ESIF Strategy to government.
The ESIF Strategy and the Strategic Economic Plan are entirely complementary, with the former providing a key mechanism for the implementation of the latter. Our role and that of our partners is an advisory one through membership of the Thames Valley Berkshire LEP Area ESIF Sub Committee. All funding decisions remain with the Managing Authorities (MAs):
- ERDF: Department for Communities and Local Government (DCLG)
- ESF: Department for Work and Pensions (DWP)
- EAFRD: Department for Environment, Food and Rural Affairs (DEFRA)
The MAs retain the liability for the ESIF Funds at national level and carry out the technical assessment of all project applications including eligibility, the gateway criteria and the value for money checks.