The Convergence Objective replaces the current Objective 1. It will support
the economic convergence of the poorest Member States and regions.
Regions whose Gross Domestic Product (GDP) per head is less than 75%
of the EU average will be eligible for Convergence funding from the ESF
and European Regional Development Fund (ERDF).
Cornwall and the Isles
of Scilly is the only area of England that will qualify for Convergence funding.
‘The ESF shall contribute to the priorities of the Community as regards
strengthening economic and social cohesion by improving employment
and job opportunities, encouraging a high level of employment and more
and better jobs. It shall do so by supporting Member States’ policies aiming
to achieve full employment and quality and productivity at work, promote
social inclusion, including the access of disadvantaged people to employment,
and reduce national, regional and local employment disparities.’ |