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Document 32013R1309

European Globalisation Adjustment Fund (2014-20)

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European Globalisation Adjustment Fund (2014-20)

The European Globalisation Adjustment Fund provides support to people who lose their jobs as a result of major structural changes in world trade patterns due to globalisation.

ACT

Regulation (EU) No 1309/2013 of the European Parliament and of the Council of 17 December 2013 on the European Globalisation Adjustment Fund (2014-20) and repealing Regulation (EC) No 1927/2006.

SUMMARY

Since 2007, the EU’'s Globalisation Adjustment Fund (EGF) has assisted workers who have been made redundant because their companies have shut down or moved production outside the EU due to globalisation to find new jobs or to retrain.

As a general rule, the EGF can be called upon in cases where over 500 workers are made redundant by a single company (including its suppliers and downstream producers), or if a large number of workers are laid off in a particular sector in one or more neighbouring regions.

With an annual budget of EUR 150 million each year between 2014 and 2020, the EGF can offer up to 60 % of the cost of projects designed to help individualworkers made redundant to find another job or set up their own business. The fund is not designed to help keep companies in business or restructure.

Potential beneficiaries

The EGF can assist individual workers (self-employed, temporary workers and fixed-term workers). Until the end of 2017, young people not in employment, education or training (NEETs) in regions with high youth unemployment may also benefit from EGF support in equal numbers to workers receiving support in those regions.

Eligible measures include:

  • help to find a job;
  • careers advice;
  • education, training and re-training;
  • mentoring and coaching;
  • entrepreneurship and business creation.

Application procedure

Applications for assistance are submitted to the European Commission by EU governments and, if approved, are managed and implemented by national or regional authorities. Projects run for 2 years.

Unlike projects that fall under the EU’s Structural and Investment Funds (ESIFs), such as the European Social Fund, which have a long-term perspective, EGF projects provide support to individuals for a short and clearly defined period of time.

REFERENCES

Act

Entry into force

Deadline for transposition in the Member States

Official Journal

Regulation (EU) No 1309/2013

23.12.2013

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OJ L 347 of 20.12.2013

Last updated: 24.04.2014

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