The Greater Cambridge Greater Peterborough Enterprise Partnership was asked by Government to put in place a Strategy to outline the use of European Structural and Investment Funds (ESIF) between 2014 and 2020.
The funds comprise the European Regional Development Fund (ERDF), Social Fund (ESF) and part of the Rural Development Fund (EAFRD), and our strategy has been created for Government as a means of prioritising investment within the National programme for England.
The original version of the ESIF Strategy was originally submitted to Government in January 2014. The Strategy has now been updated to ensure it is aligned with the national Operational Programmes for each of the European Structural and Investment Funds, all of which have now been formally adopted. The updated Strategy was endorsed by the GCGP ESIF Sub-Committee at its meeting on 19th November 2015 and has been forwarded 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 European Regional Development Fund (ERDF)/ European Social Fund (ESF) split. You can download the ESIF Strategy here.
The notional ESIF allocation* for GCGP now stands at €72 million, which equates to £60 million.
The actual value of the notional allocation will continue to fluctuate with the prevailing exchange rate and Government have confirmed that they will revalue the programme and the notional allocations in January and July each year.
*includes the European Regional Development Fund (ERDF) and the European Social Fund (ESF) .
For more information on ESIF live calls, application processes and guidance visit: