ABSTRACT
One of the causes of regional weakness is the over-reliance on a limited number of vulnerable sectors. Particular problems arise when a region’s economy is dominated by activities with a low technological base, with out-dated equipment and a declining demand for the products. One of the priorities of ERDF funding, therefore, will be contributing to the diversification and broadening of the economic base of less-favoured regions. Stress will be given to investment (and related training) in the use of advanced production techniques (in traditional and newer sectors) and to high technology sectors.
