EUROPEAN COURT of AUDITORS EU support for productive investments in businesses - greater focus on durability needed
1. This report from the European Court of Auditors (ECA) is an assessment of whether European Regional Development Fund (ERDF) funding used for productive investments in enterprises between 2000 and 2013 has led to long-term benefits after project completion. The ECA also identified the main factors affecting this. The main indicator for measuring durability or long-term benefits is the continued flow of net benefits achieved by the project after completion.
2. ERDF is one of five European Structural Investment Funds (ESIF). ERDF is aimed at reinforcing economic and social cohesion within the EU by addressing regional imbalances through financial support for building infrastructure and creating employment.