FSE-ERDF Revenuegenerating projects

On the 24th December the Official Journal of the European Union has published the COUNCIL REGULATION (EC) No 1341/2008 of 18 December 2008 amending Regulation (EC) No 1083/2006 laying down general provisions on the European Regional Development Fund, the European Social Fund and the Cohesion Fund, in respect of certain revenuegenerating projects.

What is a a revenue-generating project?

A revenue-generating project means any operation involving an investment in infrastructure the use of which is subject to charges borne directly by users or any operation involving the sale or rent of land or buildings or any other provision of services against payment.

Ammeding Regulation

The Council Regulation 1083/2006 has been ammended taking into account the difficulties that have been highlighted in connection with the application of the provisions of Article 55, including a disproportionate administrative burden, especially for operations co-financed by the European Social Fund and small operations financed by the European Regional Development Fund (ERDF) or Cohesion Fund and the adverse consequences in terms of operation management, especially for projects in areas of Community priority such as the environment, social inclusion, research, innovation or energy, and in terms of the administrative burden. Article 55 should therefore be simplified.

Only to operations which are co-financed by the ERDF or Cohesion Fund and the total cost of which exceeds EUR 1,000,000. It has been increased in 0,8 meuros from the original Council Regulation.