A principal aim of the European Union is to reduce economic disparities between different regions in Europe. The performance of a region often depends upon its distinctive historical and cultural circumstances. As a result, there can be a marked contrast between the wealth and vitality of one region over another. European Structural funds were set up in 1975 to help reduce these differences and establish uniform living standards across Europe. Eastern Scotland is eligible to receive grants from two of the Structural Funds; the European Social Fund (ESF) and the European Regional Development Fund (ERDF) SME support - Trade Development Centre, Forth Valley | |
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