European Globalisation Fund (EGF)

European Globalisation Adjustment Fund (EGF)

The European Globalisation Adjustment Fund (EGF) was established to support workers made redundant in EU member states as a result of the adverse effects of globalisation and, latterly, the effects of the global economic and financial crisis.  Information about the EGF and the Regulations governing its operations is available here and is also available at the dedicated website for EGF programmes operated in Ireland: www.egf.ie  

 

The Competent Authority for the EGF in Ireland, the EGF Managing Authority unit of the Department of Education and Skills, closely monitors large company and sectoral redundancy situations nationwide in order to assess whether any sustainable cases that meet the strict qualifying criteria might be considered for possible co-funded support from the EGF.

 

Generally, the rationale for an EGF application is a large number of redundancies (500 or more) within a single enterprise or within the same economic sector caused by the effects of globalisation or resulting from the global economic and financial crisis.  Where the minimum threshold of 500 redundancies has not been met, EGF applications may be considered where there is deemed to be sufficient strategic importance of the affected enterprise or economic sector to the national, local or regional economy and where exceptional economic circumstances pertain.    

 

In the event of an EGF, the Local Enterprise Offices manage the associated enterprise related supports.

 

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