EGF

E905418

EGF is a European Union financial instrument that supports workers who lose their jobs due to major structural changes in world trade patterns or economic crises.

All labels observed (2)

Label Occurrences
EGF canonical 2
EGF Regulation 1

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf European Union financial instrument
fund
abbreviation EGF
administeredBy European Commission
aimsAt facilitating reintegration into employment
alsoKnownAs European Globalisation Fund
applicationsSubmittedBy EU Member States
beneficiaries redundant workers
young people not in employment, education or training (in some programming periods)
benefits career guidance
entrepreneurship support
income support linked to active labour market measures
job‑search assistance
mobility allowances
training measures
budgetCeiling 210 million euro per year (current multiannual financial framework, in 2018 prices)
cofinancingRate up to 60% of eligible costs (earlier periods)
up to 65% of eligible costs (later periods, depending on regulation)
country European Union
distinctFrom European Social Fund Plus
established 2007
excludes passive social protection measures such as pensions
restructuring of companies or sectors
fullName European Globalisation Adjustment Fund
fundingType complementary to national labour market measures
geographicalScope all EU Member States
languageOfAcronym English
legalBasis Regulation (EU) 2021/691
managedUnder shared management between European Commission and Member States
monitoredBy European Court of Auditors
policyArea cohesion policy
employment policy
social policy
predecessor European Globalisation Adjustment Fund (2007–2013)
purpose support workers who lose their jobs
replaced Regulation (EU) No 1309/2013
reportsTo Council of the European Union
European Parliament
startOfOperation 1 January 2007
supports self‑employed persons
workers
timeFrame temporary and targeted support
triggerCondition global financial and economic crises
large company restructuring or closure
major structural changes in world trade patterns
mass redundancies in a sector
website https://ec.europa.eu/social/main.jsp?catId=326

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.