Glossary of approved projects terms

Project Status

Approved projects

All projects awarded European funding from Convergence and Regional Competitiveness and Employment programmes 2007–2013 by WEFO.

Expression of interest

The first stage of the application process, and on the database showing project proposals currently applying to WEFO for European funding.

Application in development

Project proposals currently under 'detailed assessment' by WEFO i.e. they have moved into the second stage and have submitted a business plan to WEFO which is being assessed.

Application in reserve

WEFO has reviewed the project proposal and has made a decision that although it is not possible to fund the project at present, the proposal may be reconsidered by WEFO in the future if funds are available.

Programme

For the programming period 2007–2013, WEFO is the Managing Authority for the following European Structural Funds programmes:

• Convergence - covering 15 local authority areas in West Wales and the Valleys
• Regional Competitiveness and Employment  - covering seven local authority areas in East Wales

Note: Wales also participates in four Territorial Co-operation programmes, details of approved projects are found within the individual Territorial Co-operation sections of this website.

Priority

The Priority of a particular Operational Programme – this is a targeted area of activity which aligns with EU, UK and Welsh policies to address an identified need e.g. helping to increase the numbers of working individuals in Wales achieve and improve their skills and qualifications, to help businesses and the economy become more competitive.

Theme

The theme of a particular Operational Programme – this is a sub-group of the main activity in a Priority e.g. action to help workers with few skills to achieve good basic skills such as literacy and numeracy.

Strategic Framework

Strategic Frameworks assist WEFO to select and prioritise project applications that will best deliver on the Priorities and Themes of the Operational Programmes. 

Lead sponsor

An organisation which enters into the lead project funding arrangement with WEFO i.e. the organisation that has submitted the funding application and takes responsibility for managing the funds awarded.

Public sector

These include any organisations which are part of, or under the control of, central or local government, and for the purpose of reporting on the progress of the programmes, includes the Higher Education and Further Education sectors.

Private sector

For the purposes of Structural Funds in Wales, "private sector bodies” means:

• companies which have the intention of making profits and where those profits could be distributed, and
• companies which are partnerships between a private (i.e. profit-distributing company as set out above and a public sector body, and where the share-holding of the private sector is 50% or more)

Third sector

Defined as non-governmental organisations which are value-driven and which principally reinvest their surpluses to further social, environmental or cultural objectives. It includes voluntary and community organisations, charities and trusts, social enterprises, co-operatives and mutuals.

Joint sponsors

Organisations can come together under a joint sponsorship project arrangement, with one of the organisations acting as the lead sponsor for the purposes of entering into the funding agreement with WEFO.

Regional area(s)

Where a project is delivering its activities. A project can deliver in more than one Welsh region.  

Project start date

Date of when the delivery of the project commences or (if still an application) is expected to start. Note: this is not the date of the award of European funding by WEFO.

Project end date

Date of when the delivery activity and all related funding and management requirements of the project is expected to end.

EU funds awarded

The amount of European Social Fund or European Regional Development Fund money awarded by WEFO to the project.

National funds

The amount of public match funding and / or private match funding, which together with European funding, makes up the total cost of the project.  (No projects will be 100% funded by Structural Funds – all sponsors must contribute towards the cost of operating the project)

Targeted Match Fund

The Welsh Government’s Targeted Match Fund (TMF), a financial pot of last resort, to provide match funding to individual projects that are applying to the Structural Funds programmes 2007–2013.