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Local financing in rural areas

[ Summary ]


Chapter 3:
Achievements and limitations
of LEADER experiences


In what ways have the characteristics and opportunities of the Community’s rural development initiative been used to improve the response to project promoters and to the needs of rural areas in terms of funding? What have been the achievements and what are the limitations?

LEADER has characteristics that stem from the fact that it is a Community Initiative financed from the European Structural Funds, as well as from its own special approach. Some of these characteristics and special features have important implications in financing terms. They include:

  • decentralized financing;
  • local partnerships;
  • the possibility of financial engineering under Structural Fund regulations.

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