European Structural and Investment Fund Strategy

The Enterprise M3 area has been allocated €50m of European Structural and Investment Funding for the 2014-2020 funding period. This is made up of European Regional Development Fund (ERDF), European Social Fund (ESF) and European Agricultural Fund for Rural Development (EAFRD) funding.

Enterprise M3 revised its EU Structural and Investment Fund Strategy in May 2018 . The strategy, which is closely aligned with the Enterprise M3 Strategy Economic Plan and Local Growth Deal, sets out the broad programmes of activity the economy needs this funding to be used for in order to achieve sustainable, inclusive economic growth over the period of this programme. The programme is primarily focused around support for skills and employment, as well as support for our small and medium enterprises and the facilitation of innovation, building on the strengths of our businesses and universities. The Government guaranteed these funds beyond Brexit and projects can be contracted up to 31st December 2020. All ESIF strategies are currently being aligned with those in terms of targets and outputs expected from the LEP areas. If you would like more information about the Funds and the bidding process, email Enterprise M3 at eustrategy@enterprisem3.org.uk.