European Globalisation Adjustment Fund

  

 

 

The European Globalisation Adjustment Fund (EGF) aims to support up to 60% of the cost of projects aimed to help workers made redundant find another job or set up their own business as quickly as possible. This is as a result of changing global trade patterns such as economic and financial crisis as well as when a large company moves its production outside the EU or shuts down completely. 

The fund was launched by the European Union in 2007 and aims to provide up to of EUR 150 million a year for the period 2014-2020 in support to eligible areas across the EU.

Generally, the EGF can be used only 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.  Further information on the rules on intervention criteria, eligible beneficiaries, eligible applications and measures can be found in the EGF Regulation.

While EU Structural Funds take a strategic and long-term approach towards change management, employment and lifelong learning, the EGF provides one-off, time-limited individual support geared to helping workers who are 'severely and personally affected by trade-adjustment redundancies'.

EGF cases are managed and implemented by the Funds and Programmes Division. Each project runs for 2 years.

It is intended to complement the support already provided by employers and national authorities in terms of active employment measures.  It is not intended to fund passive social protection measures such as retirement pensions or unemployment benefits, which are the competence of the Member States. 
 

Starting from 1st January 2007, the EGF is funding active labour market policies focused entirely on helping workers affected by globalisation-related redundancies, for example through: 
 
     Job-search assistance, occupational guidance, tailor-made training and re-training including IT skills and certification of acquired experience, outplacement assistance and entrepreneurship promotion or aid for self-employment;

     Special time-limited measures, such as job-search allowances, mobility allowances or allowances to individuals participating in lifelong learning and training activities;Special time-limited measures, such as job-search allowances, mobility allowances or allowances to individuals participating in lifelong learning and training activities;

     Measures to stimulate in particular disadvantaged or older workers, to remain in or return to the labour market.

The EGF does not co-finance social protection measures such as pensions or unemployment benefit

 

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DG Employment has recently launched the Open Public Consultation for the Mid-term Evaluation of the European Globalisation Adjustment Fund. 

 

This public consultation is designed to support the Mid-term Evaluation of the European Globalisation Adjustment Fund. The evaluation is gathering the views of stakeholders and beneficiaries to the broadest scope possible. 

 

The Open Public Consultation has a dual role. It will not only help to assess the effectiveness, efficiency, sustainability and other aspects of the Fund, but also to shape the future of the EGF. It is expected that open public consultation will provide valuable input to the future development of the fund.

 

The survey can be found at DG EMPL website and is available in all languages as well as background documents which contains a short description of EGF activities:

 

 

To proceed to the survey please choose your language from the "Languages" drop-down menu on the right-hand side and follow the instructions.

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