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Final report - European Commission - Europa

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COHESION POLICY INSTRUMENTS AND ENTREPRENEURSHIPEDUCATIONHenry Britton, <strong>European</strong> <strong>Commission</strong> - Directorate General for Regional PolicyThe overall budget committed to the EU’s cohesion policy for the period 2007-2013 comes to over 308 billion euroswhich are distributed across three main funding instruments, i.e. the <strong>European</strong> Regional Development Fund (ERDF),the <strong>European</strong> Social Fund (ESF) and the Cohesion Fund. These funds contribute together to three priority objectives,namely the “Convergence” objective which aims to speed up the recovery of the least-developed regions, the“Regional competitiveness and employment” objective which aims to boost economic growth and job creation, andthe “<strong>European</strong> territorial cooperation” objective which aims to strengthen cross-border, trans-national, and interregionalcooperation.Generally, in order to promote entrepreneurship, the ERDF has invested mainly in business support activities andinfrastructures (science parks, incubators, enterprise agencies, etc.), leaving education and training activities to theESF. However, as part of projects co-financed by the ERDF, the crucial role of knowledge and experience for stimulatingcompany creation has led local players and beneficiaries to develop a more “hands-on” approach through activitiessuch as entrepreneurial awareness-raising and promotion campaigns towards youth, technical and managerialassistance for young entrepreneurs and business tutoring or mentoring within school or university schemes.Entrepreneurship education is explicitly referred to in the Community Strategic Guidelines on Cohesion which set thepolitical priorities for the investments to be made under the Structural Funds and Cohesion Fund for the next programmingperiod. This enables Members States to include entrepreneurship education in their National StrategicReference Frameworks and Operational Programmes. Organisations wishing to develop projects in entrepreneurshipeducation should therefore target the appropriate funding opportunities and submit project ideas to the relevantauthorities in charge.During the period 2000-2006 several projects relating to entrepreneurship education were carried out with supportfrom the ERDF. Examples include the Road Show for Entrepreneurship (RS4E) project in Madeira, the BalticEntrepreneurship Partnership (BEPART) network in the Baltic area and the University Student Entrepreneurship(UNISTEP) project in Crete.78Entrepreneurship Education in Europe: Fostering Entrepreneurial Mindsets through Education and Learning

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