European Social Fund Cohesion policy 2007-2013 EU FUNDS SUPPORTING THE EUROPEAN RECOVERY PLAN...

European Social Fund

Cohesion policy 2007-2013

EU FUNDS SUPPORTING THE EUROPEAN RECOVERY PLAN

Dominique Bé, European CommissionETUC seminar “The trade union movement facing 2 challenges: recession & employment”8 & 9 September 2009, Lisbon


EU funds supporting the European recovery plan

simplified EU funds management

improved European Globalisation Adjustment Fund (EGF)

new EU microfinance facility


EU Recovery Planmain texts

29/10/08 From financial crisis to recoveryA European framework for action

26/11/08 A European Economic Recovery Plan 16/12/08 Cohesion Policy

Investing in the real economy 04/03/09 Driving European recovery 06/05/09 Revised EGF Regulation 03/06/09 A Shared Commitment for Employment 02/07/09 European Microfinance Facility 22/07/09 Simplification of EU funds management


Driving European recovery

(04/03/2009)

restore & maintain stable & reliable financial system

support the real economy

support people through the crisis

promote global recovery


Driving European recoverysupporting people

alleviate the human cost of the crisis keep people in employment activation & income support retrain & upgrade skills free movement of workers reduce non-wage labour cost youth unemployment / early school leavers employment protection law

Employment Summit for Europe (7 May 2009)


A Shared Commitmentfor Employment(03/06/2009)

priorities & actions maintain employment, create jobs & promote mobility upgrade skills, match labour market needs increase access to employment

make better use of EU funds mobilise all available funds accelerate funding

prepare the future


A Shared Commitmentfor Employmentrecommendations to MS

maintain employment, create jobs, promote mobility short-time work/training MS (ESF) restructuring anticipation/management SP, local auth. (ESF)

job creation MS, SP (ESF) mobility EURES, MS

upgrade skills, match labour market needs skills needs forecast & training Commission, MS, SP (ESF)

help young people MS, (SP) (ESF)

access to employment activation & access to employment MS (ESF)


A Shared Commitmentfor Employmentbetter use of EU funds mobilise all available funds

fast-track procedure to adapt ESF OPs capacity building for social partners

accelerate funding

100% EU funding in 2009-10 EU microfinance facility (€100 mio)

+ ESF interest-rate support


Better use of EU funds

measures to speed up implementation of EU cohesion policy programmes: €347 billion (2007-2013)

recommendations to Member States

specific legislative measures flexibility liquidity smart investment


Better use of EU funds Flexibility

“modifiable” OPs 2000-2006 OPs eligible > June 2009 (+/- €7bn ESF) 100% EU financing of public funding of ESF projects

(2009-10) simplify financial management

indirect costs up to 20% of direct costs flat-rate reimbursement for all costs lump-sum grants for small projects (<€50K) simplified rules for “revenue-generating” projects facilitated contracting with EIB & EIF


Better use of EU funds Liquidity

increase cash flow increase 2009 advance payments

+€6.25 bn => €11.25 bn total accelerate major projects

ex: Commission approval only > €50 million simplified State aid rules for Cohesion policy (2009-10) ERDF support for renovation or construction of housing

for communities faced with social exclusion, particularly Roma, in both rural & urban areas


Better use of EU funds Smart investment

more investment in high growth sectors energy-efficiency investments in housing in EU-15 promote entrepreneurship

JEREMIE (Joint European Resources for Micro to Medium Enterprises)

JASMINE initiative (Joint Action to support Microfinance Institutions in Europe)


EGF regulation

European Globalisation Adjustment Fund (2007) to retain in or reintegrate into the labour market

workers made redundant due to changing global trade patterns

up to € 500 million each year 2007-2008

€ 67 million 12 restructuring cases >15,000 redundant workers 8 Member States: FI, FR, DE, IT, LT, MT, PT, SP


Improved EGF06/05/2009

before now (until end 2011)

redundancy cause trade patterns crisis

min. redundant workers 1,000 500

EGF funding rate 50% 65%

EGF support duration 1 year 2 year


Micro-finance facility(02/07/2009)

microcredit to small businesses & unemployed micro-enterprises (<10 people)

€100 mio > leverage: €500 mio (EIB Group) +/- 45,000 loans (< €25K) over up to 8 years

financing + support measures (mentoring, training, coaching,

guarantees, assistance in preparing a business plan, etc.)

ESF interest rate rebates operational in 2010


11,0

0,5

0,1microfinance

EGF

ESF

Supporting peopleAvailable EU funds

in bn € / year


More Infohttp://ec.europa.eu/esf

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