Application and financing
In the 2014-2020 period, regional efforts targeted at growth and business development will be supported approximately DKK 1 billion annually.
Approximately DKK 0.44 billion will derive from the European Regional Development Fund (ERDF) and the European Social Fund (ESF). In addition, funding will be provided by regional, local and central government as well as private actors and independent institutions, as EU funding must be co-financed 100 per cent by Danish funds.
The targeting of the structural resources opens up new perspectives for using the resources actively to help to consolidate the EU-2020 strategy at regional and local levels and to support the regional growth and development strategies which the regional councils draw up - with contribution from the regional growth fora.
The Danish Business Authority is the Managing Authority for both ERDF and ESF. A joint Monitoring Committee is established to monitor both funds, and the Danish Business Authority hold the presidency of the committee.
The Danish Business Authority receives recommendations for projects to be funded by the Structural Funds from the Regional Growth Fora. The Danish Business Authority controls the legality of the recommendations, issues approvals and rejections, and manages the daily case handling of the projects. The growth fora make sure that projects do not receive double-financing, but that funding streams are instead complementary. During the period 2007-2013, several projects have consisted of both a ERDF and a ESF contribution.