Investments in entrepreneurship and an increased focus on vocational training are among the Danish plans approved on Tuesday by the European Social Fund (ESF).
The European Commission adopted Denmark’s national operational programme for use of ESF funds over the coming six years.
The ESF agreed to pick up the tab for half of the total three billion kroner plan (400 million euros, $535 million).
"I warmly congratulate the Danish authorities for the good work that has allowed us to swiftly adopt the first European Social Fund Operational Programme covering the 2014-2020 period. We now have the roadmap to put ESF funding to the best use in the country. The ESF will contribute to helping people improve their skills and start their own business, thus boosting employment and productivity,” László Andor, the EU Commissioner for employment, said in a press release.
The ESF allocations singled out four priority areas for Denmark: entrepreneurship and job creation, vocational training and higher education, education and employment, and cross-border mobility.
The latter category will receive the lion’s share of the ESF contributions, as 150.3 million euros (1.1 billion kroner) will be earmarked for increasing the number of people participating in vocational education.
Entrepreneurship and job creation was not far behind, with a total ESF contribution of 144.7 million euros. (1.08 billion kroner), while 80.1 million euros (597 million kroner) will be set aside to “help those on the margins of the labour market to find a job” and 5.6 million euro (41.8 million kroner) will fund cross-border mobility efforts.
The ESF funds cover the period of 2014-2020.