The Greater Cambridge Greater Peterborough Enterprise Partnership has in place a Strategy to prioritise the investment of European Structural and Investment (ESI) Funds between 2014 and 2020. The Strategy was agreed with local partners and stakeholders after a process of consultation.
The ESI Funds comprise the European Regional Development Fund (ERDF), European Social Fund (ESF) and part of the European Agricultural Fund for Rural Development (EAFRD). Our strategy prioritises local investment of the funds within national programmes for England.
Following the EU Referendum in June 2016, government confirmed that funding is guaranteed for all ESI Funds projects receiving a signed funding agreement up to the point at which the UK departs the EU, even when these projects continue after the UK has left the EU. Funding for projects will be honoured by government, providing they demonstrate good value for money and are in line with domestic strategic priorities.
ESI Funds Strategy
The original version of the ESI Funds Strategy was submitted to government in January 2014. The Strategy has now been updated to ensure it is aligned with the national Operational Programmes for the ESI Funds. Separate Operational Programmes for England were agreed between government and the European Commission for each of the Funds. Our updated Strategy was endorsed by the GCGP ESI Funds Sub-Committee at its meeting on 19 November 2015 and was submitted to government.
The updated Strategy reflects revised notional allocations arising from a change in the exchange rate; amendments following a government ‘rebalancing exercise’ of all LEP area allocations; and slight alterations to the ERDF / ESF split. You can download the GCGP ESI Funds Strategy here.
The notional combined ERDF and ESF allocation for GCGP is approximately €72 million, which equates to about £60 million. The actual value of the notional allocation will remain subject to exchange rate fluctuation.
For more information on ESIF live calls, application processes and guidance visit: