With the aim of stimulating economic growth and creating more jobs in the European Union, this Regulation establishes the EGF, to enable the Community to provide support for workers made redundant as a result of major structural changes in world trade patterns due to globalisation where these redundancies have a significant adverse impact on the regional or local economy.

• Job-search assistance, occupational guidance, tailor-made training and re-training including ICT skills.
• Special time-limited measures, such as job-search allowances, mobility allowances or allowances to individuals participating in lifelong learning and training activities.
• Measures to stimulate in particular disadvantaged or older workers, to remain in or return to the labour market.

The EGF shall not finance passive social protection measures.

On the initiative of the Member State, the EGF may finance the preparatory, management, information and publicity, and control activities for its implementation.

The Community provisional funding available for the programme is:

• 0,50 Million EUR (Annual budget for 2007)
• 0,50 Million EUR (Annual budget for 2008)
• 0,50 Million EUR (Annual budget for 2009)
• 0,50 Million EUR (Annual budget for 2010)
• 0,50 Million EUR (Annual budget for 2011)
• 0,50 Million EUR (Annual budget for 2012)
• 0,50 Million EUR (Annual budget for 2013)