ESF Convergence Priority 4 Match Fund
This limited match funding pot will provide a maximum of £1m support in any one financial year. The level of match funding available to each project applicant is a maximum of 25% towards their total eligible project costs.
It is a competitive process and all applications will be assessed independently of WEFO by a panel of officials drawn from the Welsh Assembly Government. In this regard it is following the precedent and format established by the existing Targeted Match Fund.
Why this match funding was created
The Welsh Assembly Government’s central match funding towards European Structural Fund projects, the Targeted Match Funding (TMF), is over-subscribed.
A number of projects under ESF Priority 4 Themes 1 and 2 are at the business plan, detailed assessment stage (of WEFO’s application process) and specific match funding may be required to support these and future projects. The purpose is to aid the delivery of the Welsh Assembly Government’s Improvement and Efficiency agenda, across public services.