ERDF Financial Tables Priority ERDF Funds Match-funding (minimum) Indicative match funding requirements Total funding Intervention rate Public match funding Private match funding £ £ £ £ £ % ERDF West Wales and the Valleys (1) 239,454,065 122,313,672 93,242,754 29,070,918 361,767,737 66.19% (2) 166,394,723 100,220,761 46,813,940 53,406,821 266,615,484 62.41% (3) 136,658,790 60,170,809 44,844,613 15,326,196 196,829,599 69.43% (4) 401,044,614 209,745,234 158,957,145 50,788,089 610,789,847 65.66% Technical Assistance 19,256,167 6,549,471 6,549,471 0 25,805,638 74.62% TOTAL 962,808,359 498,999,946 350,407,922 148,592,024 1,461,808,306 65.86% ERDF East Wales £ £ £ £ £ % (1) 71,281,253 71,281,253 41,735,174 29,546,079 142,562,506 50.00% (2) 31,896,377 31,896,377 19,871,443 12,024,934 63,792,754 50.00% (3) 17,920,313 17,920,313 14,155,255 3,765,058 35,840,626 50.00% (4) 38,298,865 38,298,865 29,025,109 9,273,756 76,597,730 50.00% Technical Assistance 3,252,996 3,252,996 3,252,996 0 6,505,992 50.00% TOTAL 162,649,803 162,649,803 108,039,977 54,609,826 325,299,606 50.00%
All Wales SO(1.2) To increase the successful translation of research and innovation processes into new and improved commercial products, processes and services, in particular through improved technology transfer from HEIs WW&V = £143,672,439 EW = £44,380,417 • (%) Average share of total turnover from product innovation, and novel innovation: new to market, new to business and significantly improved (UKIS): Target (all Wales): Increase from 22% to 23-24% Businesses located in the programme area able to contribute to the result indicator Must be aligned with Innovation Wales (and Science for Wales) as part of demonstrating smart specialisation. To deliver the result indicator, investments should focus on the launch and commercialisation of new products, processes and services by Welsh businesses. Benefits need to be captured in Wales and be reflected in turnover of Welsh businesses. Identify international links / partnerships, including potential transnational activity. Collaboration opportunities should consider potential for industrial-led collaboration and involvement, rather than solely related to HEIs. Links to other programmes should be considered - as a minimum ESF and H2020. ERDF Priority 2: SME Competitiveness WW&V: ERDF allocation £166,394,723 EW: ERDF allocation £31,896,377
Areas Specific Objective / Allocation Results / Targets Target Group Targeting Principles All Wales SO(2.1) To increase the amount of finance available to SMEs for both business start-up and for business expansion WW&V = £54,854,613 EW = £8,621,299 SO(2.5) To address market failures in the availability of finance, in particular risk capital, for Welsh SMEs to undertake innovation and commercialise R&D WW&V = £15,899,136 EW = £2,606,591 • Annual amount invested in Venture Capital and Expansion Capital (British Venture Capital Association data): WW&V target: increase from £18m to £26-£27m a year EW Target: increase from £18m to a year • Annual Early stage equity investment (British Venture Capital Association data): WW&V target: increase from £9m to £12-£16m a year EW Target: increase from £9m to a year SMEs in programme area unable to access other forms of repayable finance (e.g. commercially available). [Includes a ring-fenced allocation under SO(2.5) for finance for innovative SMEs to undertake innovation and commercialise R&D] Alignment with Welsh Government targeting approaches (e.g. support for economically important and growth sectors, including those that have exhibited high growth in the past). Expectation of use of repayable finance. Financial support will primarily be focussed on providing debt, equity and mezzanine finance. Should be directly linked to other forms of business support (as part of package of tailored support) in order to get the greatest impact from investments. ERDF Priority 2: SME Competitiveness WW&V: ERDF allocation £166,394,723 EW: ERDF allocation £31,896,377
All Wales SO(3.2) for East Wales and SO(3.3) for WW&V: Increase the energy efficiency of the existing Welsh housing stock, particularly in areas of fuel poverty WW&V = £37,611,286 EW = £14,336,250 • Energy efficiency rating of households facing severe fuel poverty (Welsh Government) Target (all Wales): increase the energy performance by 2 ratings for 10% of all properties facing severe fuel poverty Predominantly households facing severe fuel poverty (20% income on fuel). • Must fully take into account other initiatives in the market such as the UK Government’s Green Deal Energy Company Obligation, as well as the scope to utilise repayable finance. • Targeting must demonstrate a focus on the most fuel poor households, whilst also considering economies of scale (e.g. where entire streets or communities can be covered. • Demonstrate how investments can achieve multiple benefits, including reductions in greenhouse gas emissions, business and employment opportunities for local labour, etc.
SO(4.2) for WW&V: To increase urban and labour mobility to and from key urban and employment centres WW&V = £137,715,170 SO(4.1) for East Wales: To increase urban and labour mobility to and from key urban and employment centres EW = £ 28,879,092 Indicator for West Wales and the Valleys: • The proportion of people aged 16 and over within 15, 30, and 45 minute travel time thresholds of A ‘Key Centre’ between 7am and 9am on a Tuesday by public transport (GIS data) Target: increase numbers of people within 0-15 and 0-30 minutes by 5-10% in each time band Indicator for East Wales: • Total passengers using public transport between key urban links (GIS data) Target: 10% increase on selected route Investments will target sustainable forms of public transport. Targeting will need to prioritise urban areas that are less well connected to public transport. Focus expected in urban and peri-urban areas more than 30 minutes from a ‘key centre’. To meet target for investments in WW&V will need to target public transport improvements to urban areas with poor public transport links. Demonstrate consideration of multi-modal public transport links, including connection times. Include estimates of emission reductions. Consistency with Regional and National Transport Plans, regional economic strategies, and prioritisation in the Wales Infrastructure Investment Plan (WIIP). Demonstrate complementarity to other EU investments as part of integrated package of investment in an area. Links between employment centres and areas of low employment or poor accessibility, considering areas of deprivation. Consider regeneration outcomes and design of schemes for the benefit of the local economy.
SUMMARY TABLES: ESF ESF Priority 1: Tackling Poverty through Sustainable Employment WW&V: ESF Allocation £156,771,550 EW: ESF Allocation £35,027,991 Areas Specific Objective Results Target Group Targeting Principles West Wales and the Valleys only WW&V only SO1: To increase the employability of those closest to the labour market at most risk of poverty. WW&V = £36,907,654 Number of target group: Gaining a qualification Entering into employment In employment 6 months after intervention Short term unemployed participants with low skills or a work limiting health condition or disability. Individuals impacted by redundancy (those under formal notice of redundancy and those made redundant within the past 3 months). Access to sustainable employment as the central underlying principle. Utilising Labour Market Indicators (LMI) to ensure employment and skills supply meets demand. Integrated with wider strategies to address worklessness, poverty and support disadvantaged communities.
ESF Priority 2: Skills for Growth WW&V: ESF Allocation £276,492,211 EW: ESF Allocation £76,387,124 Areas Specific Objective Results Target Group Targeting Principles All Wales SO1 for WW&V and SO1 for EW: To increase the skills levels, including work relevant skills, of those in the workforce with no or low skills. WW&V = £133,295,430 EW = £49,960,598 Number of employed or self employed participants with no formal qualifications gaining an essential skill or technical or job specific qualification. Number of employed or self employed participants with up to and including a lower secondary education gaining an essential skills or technical or job specific qualification at lower secondary level. Employed, including self employed participants with no formal qualifications. Employed, including self employed participants with qualifications up to and including a lower secondary education. Actions should be demand led, flexible and responsive to labour market fluctuations, utilising LMI to identify key skills needs. Investment in skills and qualifications should look to progress individuals where possible, to a higher level of qualification, with the longer term goal being progression to intermediate level or above on the National Qualification Framework (NQF). Actions should incentivise appropriate employer or participant contributions.
All Wales SO2 for WW&V and SO2 for EW: To increase the number of people in the workforce with technical and job specific skills at an intermediate and higher level. WW&V = £83,213,821 EW = £22,482,269 Number of employed or participants with lower secondary education gaining a technical or job specific vocational qualification at upper secondary level or above. Number of employed or self employed participants with upper secondary education or above gaining a technical or job specific vocational qualification at or above upper secondary level. Employed, including self employed participants whose highest qualification is at lower secondary level. Employed, including self employed participants whose highest qualification is at higher secondary level and above. Actions should be demand led, flexible and responsive to labour market fluctuations, utilising LMI to identify key skills needs. Actions should incentivise appropriate employer or participant contributions.
West Wales and the Valleys only WW&V only SO3:To increase the number of people with graduate degrees or equivalent undertaking research and innovation activities with enterprise WW&V = £42,844,972 Number of participants with a graduate degree or equivalent gaining a Masters or Doctoral qualification. Number of participants with graduate degree or equivalent gaining employment. Participants with a graduate degree or equivalent. Enterprises who collaborate with learning providers in research and innovation activities. Actions to be aligned to the Grand Challenge areas of “Life Sciences and Health”; “Advanced Engineering and Materials”; “Low Carbon, Energy and Environment”; and “ICT and the Digital Economy” Actions driven by the private sector in collaboration with learning providers. Utilising LMI to identify key skills needs. Consideration of the need to stimulate employer demand for skills and incentivise appropriate employer or participant contributions.
All Wales SO4 for WW&V and SO3 for EW: To improve the position of women in the workforce. WW&V = £17,137,989 EW = £3,944,258 Number of participants gaining a qualification upon leaving. Number of employed or females with an improved labour market situation. Supported enterprises having adopted or improved equality and diversity strategies and monitoring systems. Employed or self employed females Micro, Small and Medium sized enterprises Investment in skills and qualifications should look to progress individuals where possible, to intermediate level or above on the National Qualification Framework (NQF). Demonstrate actions are demand led, flexible and responsive to labour market fluctuations, utilising LMI to identify key skills needs.
ESF Priority 3: Youth Employment Attainment (Youth Employment in East Wales) WW&V: ESF Allocation £195,771,033 EW: ESF Allocation £47,981,692 Areas Specific Objective Results Target Group Targeting Principles All Wales SO1 for WW&V and SO1 for EW: To reduce the number of 16-24 year olds who are Not in Education, Employment or Training (NEET) WW&V = £107,674,068 EW = £35,986,269 Number of NEET participants (16 - 24 years of age): Gaining qualifications upon leaving. In education/ training upon leaving. Entering employment upon leaving. Young people of working age (from 16 up to and including age 24) who are Not in Education, Employment or Training (NEET). Align with growth activity and ensure that young people are engaged in appropriate education and training utilising LMI to meet employment growth and employer demand. Align to the Welsh Government’s Youth Engagement and Progression Framework. All Wales SO2 for WW&V and SO2 for EW: To reduce the number of those at risk of becoming NEET, amongst 11-24 year olds. WW&V = £68,308,413 EW = £11,995,423 Number of participants at risk of becoming NEET Gaining qualifications upon leaving. In education or training upon leaving. At reduced risk of becoming NEET upon leaving. Young people between the ages of 11-24 at risk of becoming NEET. Utilising LMI, to match future aspirations with opportunities. Integrate with youth employment actions to support progression at key transition. Align with the Welsh Government’s Youth Engagement and Progression Framework.
West Wales and the Valleys only WW&V only SO3: To increase the take up of and attainment levels in STEM subjects amongst 11-19 year olds. WW&V = £10,000,000 Number of young people receiving training in Science, Technology, Engineering and Maths (STEM), who continue to study a Science, Technology, Engineering and Maths subject post 16. Young people between the ages of 11-19 (focus primarily on girls). Utilising LMI, to match STEM training to economic opportunities. Early and sustained interventions with strong employer engagement. West Wales and the Valleys only WW&V SO4: To increase the skills of the Early Years and Childcare workforce. WW&V = £9,788,552 Number of employed or self employed individuals from the Early Years and Childcare sector gaining qualifications. Employed or self employed individuals from the Early Years and Childcare workforce (to include participants from the public sector Early Years and Childcare workforce but not teachers). Align with the Welsh Government’s Early Years and Childcare Plan. All interventions must make effective links with wider strategies which address early years development and family based initiatives and contributing to wider programmes to tackle poverty and social inclusion.
Links between the ERDF Priorities ERDF Research and Innovation (R&I) SME Competitiveness (SME Comp) Renewable Energy and Energy Efficiency (REEE) Connectivity and Urban Development (UD) ERDF R&I N/A - Financial and growth SME support complements R&I support – esp. for key sectors. - Technology transfer and RD&I in small scale energy, energy efficiency and marine investments. - Conditions for private investment, including linking R&I with growth SMEs. SME Comp - Innovation and commercialisation support coordinated with SME finance and growth support N/A - Marine energy sector can access SME support. - Efforts to increase commercial viability of areas should be coordinated with SME support where possible. REEE - Research capacity and commercialisation of RD&I should consider links to marine energy actions - Potential for tailored SME support for marine or energy efficiency supply chain. N/A - Improved accessibility essential to support sustainable key spatial areas. Connectivity and UD - Potential for related RD&I to influence delivery or targeting for connectivity or urban development (e.g. new building materials) - Potential to consider SME provision, or delivery of existing local provision, in complementing connectivity or urban development improvements. - Development of marine sector should consider accessibility issues to encourage further private investment and efficiency measures should consider spatial impacts. N/A Links between the ERDF and ESF ERDF Research and Innovation SME Competitiveness Renewable Energy and Energy Efficiency Connectivity and Urban Development (UD)