What is ESEP? | What are European structural funds? | What is ERDF?
			European Structural Funds are a vital source of financial support in reviving local economies which have been weakened by serious decline. First of all, the availability of European grants adds value to the local regeneration effort and helps to release scarce national public and private finance. Combined resources are more effective in addressing significant economic issues such as tackling unemployment and building sustainable local wealth.
			Secondly, European grants are administered by local bodies working together to ensure that support is given to projects which are based on a sound and realistic appreciation of local circumstances. Being close to the communities benefiting from European funds, these local partnerships are able to make sure that the money is spent in the most efficient and effective way.