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Internal Market, Industry, Entrepreneurship and SMEs

European Globalisation Adjustment Fund for Displaced Workers (EGF)

This webpage covers the European Globalisation Adjustment Fund for Displaced Workers (EGF) strictly as part of funding projects related to tourism.

Why is it relevant to tourism?

The European Globalisation Adjustment Fund (EGF), launched in 2007, helps people find new jobs through further education or training or helps them start their own business. Originally created to support workers who lost their jobs because of large-scale restructuring triggered by systemic globalisation changes, its scope was broadened over the years.

The EGF now helps workers let go during larger scale restructuring events, no matter the cause. At the request of the EU country concerned, the EGF co-finances job search support, career advice, further training, retraining, coaching and entrepreneurship, and to a certain extent, allowances that enable participants to take part in the measures.

The COVID-19 pandemic has put tourism-dependent businesses across the EU in an unprecedented situation. The EGF can help workers and self-employed people in European countries who lost their job.