Convergence
EU Funds 2007-13 || Convergence Funding || Rural Development Plan||
European Territorial Cooperation Programmes || European Fisheries Fund
Convergence Funding
Convergence funding is the successor to Objective 1 and is designed to help regions like West Wales and the Valleys complete the transition into a leading edge, competitive and knowledge-based economy. The new programmes aim to build on the progress that has been made during the current Objective 1 period. The West Wales and the Valleys region will receive €1.85 billion, equivalent to approximately £1.3 billion. There is uncertainty surrounding the start date of the convergence programmes but it is likely to be in the Autumn of 2007. There are 2 Convergence programmes for the West Wales and the Valleys region;
- European Regional Development Fund (ERDF)
- European Social Fund (ESF)
ERDF Priorities include:
Priority 1 - Building the Knowledge-Based Economy
- Theme 1 - Research and Development, Innovation and Technology
- Theme 2 - ICT Infrastructure and Information Society for All
Priority 2 - Improving Business Competitiveness
- Theme 1 - Entrepreneurship
- Theme 2 - Business Finance
Priority 3 - Developing Strategic Infrastructure for a Modern Economy
- Theme 1 - Sustainable Transport
- Theme 2 - Strategic Infrastructure
Priority 4 - Attractive Sustainable Business Environment to Invest
- Theme 1 - Energy
- Theme 2 - Tackling Environmental Opportunities and Risks for Sustainable Economic Growth
- Theme 3 - Environment for Growth
Priority 5 - Building Sustainable Communities
- Theme 1 - Physical Regeneration (including town centre renewal)
- Theme 2 - Community Economic Development (including social enterprise)
ESF Priorities include:
Priority 1 - Supplying young people with the skills needed for employment
- Theme 1 - Tackling underachievement
- Raising Skills Aspirations (raising the bar)
Priority 2 - Increasing Employment and Tackling Economic Inactivity
- Theme 1 - Helping people into sustainable employment
- Theme 2 - Helping people to remain in work
Priority 3 - Improving Skills Levels and Adaptibility of the Workforce
- Theme 1 - Raising the skills base of the workforce
- Theme 2 - Skills for the Knowledge Economy: Higher level skills and systems for workforce development
- Theme 3 - Promoting gender equality in employment
Priority 4 - Making the Connections, Modernising and Improving the Quality of our Public Services.
- Theme 1 - Transforming public services through more effective collaborative working.
- Theme 2 - Building the capacity of public service sectors to deliver higher quality services
Priority 5 - Technical Assistance
It is anticiapated that wherever possible to deploy funds through Strategic Framework arrangments. However there will also be scope for single project direct bidding and project commissioning.
For further information on Convergence Funding and Strategic Frameworks visit the WEFO website: www.wefo.wales.gov.uk/
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