ERDF 2007-2013 Analytical Programme Workstream Two: Economic Efficiency and What Works in Local Economic Policy

This document describes an evaluation of the European Regional Development Fund (ERDF) and its effectiveness in reducing economic disparities and promoting local economic growth in the UK from 2007 to 2013. The ERDF focuses on business support, innovation, energy efficiency, and infrastructure, particularly in urban areas and for SMEs. The evaluation, using a research program, found that ERDF investments positively impact local economies but are not transformative on their own, requiring co-financing and long-term support. It suggests that ERDF interventions be flexible, evidence-based, and have realistic impact expectations. Additionally, the document assesses various interventions for land remediation and economic growth, using methods like self-reported outcomes and hedonic pricing. The results are mixed, indicating that while public investment can address market failures and aid development, it requires careful management to maximize benefits and reduce displacement. The evaluation recommends future ERDF programs focus on less prosperous English areas and build upon existing programs, with further research needed to guide the 2014-20 interventions. **This summary was written by an AI model and therefore should not be considered a definitive summary of the report. If you are aware of inaccuracies, please email evaluation.registry@cabinetoffice.gov.uk.**

Description

• Lead department: Ministry of Housing, Communities & Local Government
• Evaluation stage: A complete evaluation report
• Other departments: No other departments listed
• Evaluation types: Value for money evaluation; Impact evaluation
• Impact methods: Generic research method
• Value for money methods: Cost-effectiveness analysis
• Grant information: This intervention is not distributing funding via a grant
• Government Major Project information: This intervention is not a major project
• Policies: No policies provided

Event Dates

• Event Name: Publication of final results
• Event date: March 2015

Evaluation Costs

• Cost: Not provided

Evaluation sharing

• Link(s) to published report(s): Yes
• Links to evaluation plans: No link provided
• Findings: Not provided
• Permission to share confirmed: Yes