What is the European Social Fund?
The European Social Fund is a financial tool in the European Union to support employment. The EU social fund also aids in the promotion of economic and social cohesion within the EU. The ESF is around 10% of the European Union’s total spending budget making it one of their most important spends.
Making sure Europeans have the right skills for the right job is a big challenge, The European Social Fund gives grants to organisations and projects in order to improve the education and opportunities. A lot of regional employment programmes are funded in this way.
Alongside helping with unemployment, The European Fund aims to improve the situation of most vulnerable people who are at risk of poverty and being homeless. The fund will also fund projects that focus on social inclusion such as community programmes.