European structural and investment funds (ESIF, commonly also referred to as the “euro support”) help to develop the economy of the Member States and, thereby, decrease development differences among various European regions. The budget period of European structural and investment funds is connected to the budget of the European Union, which means that the support period is divided into cycles of seven years.
Based on the goal of support, the European Union structural support is divided into three funds from which the applicant can apply for support:
The European Regional Development Fund (ERF), which offers support to the Member States in order to harmonise the development of various regions and strengthen economic and social cohesion in the European Union.
The European Social Fund (ESF), which supports initiatives that promote employment, contribute to the improvement of people’s qualifications, and increase the competitiveness of employees.
The Cohesion Fund, which supports those Member States where the gross national product is below 90% of the European Union average. The Cohesion Fund provides support for large environmental and infrastructure projects. Estonia is among the Members States that receive this support.
European Agricultural Fund for Rural Development (EAFRD)