An overview of how European Structural and Investment Funds (ESIF) are helping develop Lancashire's skills base
The 2014-2020 European Structural and Investment Funds (ESIF) Growth Programme provides funds to help local areas stimulate growth. The funds support investment in innovation, businesses, skills and employment to improve local growth and create jobs.
A single ESIF Growth Programme has been set up to combine three separate European Funds. The Growth Programme provides funding to help projects in England that create jobs and economic growth.
The European Social Fund (ESF) is part of the European Structural and Investment Funds (ESIF) Growth Programme for England in 2014-2020. It provides funds to help local areas stimulate growth. ESF funding supports projects aimed at increasing labour market participation, promotes social inclusion and develops the skills of the potential and existing workforce. It also contributes to improving youth employment by providing support for young people who are harder to reach.
Lancashire Skills & Employment Hub has a strategic role to support/develop the EU Structural and Investment Funds Strategy (ESIF) 2014-2020 for the local economic area. Funds have been directed towards priorities aligned with the investment priorities and the priorities identified in the Lancashire Skills and Employment Strategic Framework. Add Link
Currently funding has been allocated to over 20 projects, here is an overview of the projects that are now supporting businesses and individuals.
Priority Axes as identified in the ERDF and ESF Operational Programmes.
Under each Priority Axis, guidance is provided regarding the aims of intervention, the broad type of activities that can be supported, finance available to support propositions and the nature and scale of outputs and results that are anticipated to be achieved in return.
Priority Axes, and related investment priority themes, eligible for ESF funding include:
Priority Axis 1: Inclusive Labour Markets
Investment Priority 1.1: Access to Employment for Job-Seekers and Inactive People
Investment Priority 1.2: Sustainable Integration of Young People
Investment Priority 1.4: Active Inclusion
Priority Axis 2: Skills for Growth
Investment Priority 2.1: Enhancing Equal Access to Lifelong Learning
Investment Priority 2.2: Improving the Labour Market Relevance of Education and Training Systems
For more information please see the links below
For further information on the Growth Programme please click here: ESIF
The local priorities for the three funds are detailed in the EU Structural and Investment Funds Strategy for Lancashire.
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