European Social Fund (ESF)
ESF is specifically focused on investment to increase labour market participation, promote social inclusion and develop the skills of the potential and existing workforce. It also incorporates the Youth Employment Initiative (YEI) which offers support for areas with very high rates of youth unemployment. Tees Valley has a notional ESF allocation of £74.4 million, including £10.4 million YEI funding (the sterling value may change dependent on exchange rate fluctuations).
The key investment priorities of the 2014-20 ESF programme in Tees Valley are Employment and Skills for Growth. Within each Priority Axis below there are a number of investment priorities, full details can be found in the ESIF Strategy or the Operational Programme.
Priority Axis 1 – Inclusive Labour Markets – Tees Valley will be using the SFA and Big Lottery Opt-In facilities to commission some of our programmes.
Priority Axis 2 – Skills for Growth – Tees Valley will be using the SFA Opt-In facility to commission some of our programmes.
Tees Valley has also opted in to the Big Lottery Building Better Opportunities and Skills Funding Agency programmes. These are already pre matched and therefore applicants are not required to bring in their own match.
- Big Lottery Building Better Opportunities supports projects that tackle poverty, improve employability and promote social inclusion
- Skills Funding Agency (SFA)the SFA funds skills training for further education in England. As a European Social Fund co-financing organisation, the SFA helps deliver the learning and skills elements of local European Structural and Investment Fund strategies.
If you have any questions in relation to ESF, or would benefit from project development advice and support, please contact Sue Donnelly at Tees Valley Combined Authority, Sue.Donnelly@teesvalley-ca.gov.uk (01642 524422).