The European Union supports poorer regions of Member States by providing funds to help them regenerate their economies and create new jobs. The four most important funding programmes are known collectively as ‘Structural Funds’.
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European funding is distributed from the European Commission, to areas in economic decline or in need of regeneration.
In the funding period 2000-2006 the North East benefited from three types of European funding:
- Objective 2
- Objective 3
- Community Initiatives.
