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Glossary of Objective One terms

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Cross-cutting themes
EAGGF - European Agricultural Guidance and Guarantee Fund
ERDF - European Regional Development Fund
ESF - European Social Fund
FIFG - Financial Instrument for Fisheries Guidance
GOSW - Government Office of the South West
IAP - Integrated Area Plan
Key Funds
Objective One office
PMC - Programme Management Committee
PMG - Priority Management Group
Priorities & Measures
SDG - Strategic Development Group
SME - Small and Medium sized Enterprises
SPD - Single Programming Document
Structural Fund
Task Forces
Umbrella Funds
Working Group

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Cross-cutting themes
When the local partnership drew up the successful funding bid, in addition to specific priorities, they also had to consider some wider issues relating to Objective One's overall aim of regenerating the economy and improving the quality of life of Cornwall and the Isles of Scilly.

These issues, set out by the European Commission, are known as "cross-cutting themes". There are three themes and each one will need to be taken into consideration for all Objective One projects.

The themes are: sustainable development, equal opportunities and information & communication technology.

In addition to the three themes, the partnership also identified five individual priorities, each of which contains a number of individual measures.

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EAGGF - European Agricultural Guidance and Guarantee Fund
The EAGGF is one of the four Structural Funds that between them will contribute the approximately £300 million in Objective One funding. (The EAGGF will provide 15.9% of total funding.)

The EAGGF will assist projects that further the production, processing and marketing of agricultural and forestry products and the development of local potential in rural areas.

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ERDF - European Regional Development Fund
The ERDF is one of the four Structural Funds that between them will contribute the approximately £300 million in Objective One funding.

The ERDF promotes sustainable economic development and employment, while protecting and improving the environment. (The ERDF will provide 60.4% of total funding.)

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ESF - European Social Fund
The ESF is one of the four Structural Funds that between them will contribute the approximately £300 million in Objective One funding.

The ESF assists the implementation of European and national employment strategies through training, with a focus on disadvantaged groups within the labour market. (The ESF will provide 20.3% of total funding.)

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FIFG - Financial Instrument for Fisheries Guidance
The FIFG is one of the four Structural Funds that between them will contribute the approximately £300 million in Objective One funding.

FIFG assists the balance between fish stocks and fishing. (The FIFG will provide 3.4% of total funding.)

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GOSW - Government Office of the South West
The Government Office of the South West deals with applications for Objective One relating to the three European Structural Funds - EAGGF, ERDF and ESF - dealing with agricultural businesses, sustainable economic development and employment strategies.

GOSW offers advice on project ideas and applications, as well as assisting in the appraisal of submitted applications.

GOSW can be contacted at Mast House, 24 Sutton Road, Plymouth, PL4 0HJ. Tel 01752 635000 or fax 01752 635090.

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IAP - Integrated Area Plan
Objective One can also help communities develop projects for their particular geographic area via Integrated Area Plans (IAPs). These are plans that integrate the economic, social and environmental aspects of the Objective One programme into a framework for use in a specific area.

IAPs are particularly relevant for the many micro-businesses and community groups that are so essential to our economy and social structure.

IAPs will provide support for community projects, small business, training and agriculture/diversification within each area.

They will work through: town regeneration strategies, community regeneration frameworks, ideas from individual groups, business collaboration projects and targeted initiatives.

There are 11 IAPs across Cornwall and the Isles of Scilly, each with its own co-ordinator. Businesses with project ideas can work through IAPs to find other local businesses who would be interested in working on a joint project application. IAPs will also provide assistance in preparing the application.

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Key Funds
Key Funds are set up to fund projects within a specific target group or sector - for instance community projects or grassroots business support - and the actual range of projects could be wider than under an Umbrella Fund.

These funds will be Objective One projects in their own right and - when set up - will, therefore, have already been through the approval process and have match funding in place. This will mean the funds may be able to provide grants of up to 100%.

Applicants will be able to apply direct to these funds without going through the full Objective One process. Trying to get access to these funds may, therefore, be a quicker and more flexible route than direct applications to Structural Funds.

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Objective One office
The Objective One office is the gateway for anyone with an idea for a project. The office is there to provide support and assistance for the entire programme and should be the first point of inquiry for all prospective applicants for Objective One funding.

The office will refer all inquiries to the appropriate expert for detailed advice. The Objective One office will also follow up every inquiry to make sure action has been taken and a response provided.

The Objective One office is at Castle House, Pydar Street, Truro TR1 2UD. You can contact the office by calling the Helpline on 0800 0280120, via email: objectiveone@cornwall.gov.uk

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PMC - Programme Management Committee
The PMC is the body responsible for overseeing the implementation and performance of the whole Objective One programme, making sure that the agreed objectives are met. The PMC also set the criteria for selecting what projects should receive financial aid.

The PMC is chaired by the Director of GOSW and includes representatives from local authorities, business, voluntary groups, agriculture & fisheries, education & skills, equal opportunities, the Regional Development Agency and government departments. A representative of the European Commission also attends meetings in an advisory capacity.

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PMG - Priority Management Group
There are five PMGs, one for each of the priorities within the Objective One programme, in addition to one for agriculture and one for fishing. The PMGs will look at applications and advise on whether a project supports the overall strategy and the specific priority and measures within it.

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Priorities & Measures
When the local partnership drew up the successful bid for European funding they looked at what had to be tackled in order to achieve Objective One's overall aim of regenerating the economy and improving the quality of life of Cornwall and the Isles of Scilly.

As part of this work, the partnership identified five priority areas of action. These are: small & medium-sized business (SMEs); transport infrastructure, communications and industrial sites; developing people through education and training; social inclusion and support for deprived and rural communities; promoting regional distinctiveness.

Each priority contains a number of measures that tackle specific details of what needs to be achieved in each case.

In addition to the priorities and measures, the partnership also identified three cross-cutting themes that need to be addressed by each Objective One project.

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SDG - Strategic Development Group
The SDG contains representatives of local authorities, businesses, GOSW and the Regional Development Agency.

The SDG monitors the progress of Objective One to ensure that the programme is driven forward according to the agreed overall strategy, taking feedback from the PMGs and Task Forces.

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SME - Small and Medium sized Enterprises
Under European rules, Objective One money is available for small and medium sized enterprises (SMEs) and micro-businesses.

The European Commission defines Medium sized Enterprises as independent businesses with fewer than 250 employees and either an annual turnover not exceeding 40 million Euro, or a balance-sheet total not exceeding 27 million Euro.

Small Enterprises are defined as independent firms with fewer than 50 employees and either an annual turnover not exceeding 7 million Euro, or a balance-sheet total not exceeding 5 million Euro.

The criteria must be applied to the company as a whole (including subsidiaries located in other Member States and outside the EU.)

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SPD - Single Programming Document
The SPD is the document that was drawn up by the local partnership that put together the successful bid for Objective One funding.

The SPD was the document that was formally submitted to the European Commission in order to get Objective One funding and in effect forms a contract between the UK Government and EC on how this aid will be sent.

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Structural Fund
The overall total of around approximately £300 million in Objective One funding comes from four separate European aid budgets known as Structural Funds.

Each of the four funds - the EAGGF, ERDF, ESF and FIFG - will contribute to different areas within the overall Objective One programme.

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Task Forces
The Objective One programme will deal with projects from a wide range of sectors of the economy and social structure of Cornwall and the Isles of Scilly.

Task Forces have been set up for each sector to encourage the development of projects that will support the needs of that sector within the overall Objective One programme.

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Umbrella Funds
A number of organisations are developing Umbrella Funds to give funding for a specific purpose - such as venture capital, start-up grants, inward investment, marketing etc.

These funds will be Objective One projects in their own right and - when set up - will, therefore, have already been through the approval process and have match funding in place. This will mean the funds may be able to provide grants of up to 100%.

Applicants will be able to apply direct to these funds without going through the full Objective One process. Trying to get access to these funds may, therefore, be a quicker and more flexible route than direct applications to Structural Funds.

Umbrella funds are being developed by organisations such as the Regional Development Agency (RDA), South West Investment Group, private sector groups, Cornwall Enterprise, PROSPER, Taste of West, DEFRA, PESCA and Cornwall County Council.

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Working Group
The Working Group is the body that formally approves all projects for funding. It also monitors the standard of projects being submitted to ensure similar standards are applied throughout Objective One and that the three cross-cutting themes are properly addressed.

The Working Group also identifies any problems in the delivery of the programme - whether this is in terms of low numbers of projects within a particular sector or the quality of the applications.

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