The European Agricultural Fund for Rural Development (EAFRD) finances the CAP's contribution to the EU's rural development objectives:
These objectives are achieved through the national and regional rural development programmes (RDPs), co-financed by the EAFRD and the national budgets of the EU countries. During the 2014-2020 programming period, the EAFRD contributed EUR 100 billion to the RDPs.
The EAFRD can also provide investment support for rural enterprises and projects through financial instruments such as loans, guarantees or equity. Details on the financial instruments available under EAFRD are provided on the online advisory platform Fi-Compass.
The EAFRD is one of the five funds within the framework of the European Structural Investment Funds (ESI Funds), which target coherent investments towards sustainable economic development in the EU. The EAFRD will remain within the framework of the ESI Funds in 2021 and 2022, after which it will enter fully into the framework of the CAP strategic plans.
For more information about the Fondo Agrícola de Desarrollo Rural: