Categorised in: News
The ERDF Reserve Fund will be established in Autumn 2019 to provide a mechanism to ensure we commit all remaining ERDF funding. The details of the Reserve Fund are being finalised following discussion at the June meeting of the Growth Programme Board.
MHCLG is now developing how the Reserve Fund will work in discussion with partners, including its potential priorities. It will be delivered largely through existing arrangements which MHCLG will explain as details are finalised.
The value of the Fund will be determined by the outcome of the June calls which are due to close at the end of September. Currency fluctuations that inform the available size of the Fund will also be factored in. Reserve Fund calls are anticipated to be published early 2020.