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The Cornwall and the Isles of Scilly Growth Programme is worth €603.7m and is made up of two main funding streams: European Regional Development Fund (ERDF)The ERDF Programme is worth €438m and makes up 75% of the Programme allocation. European Social Fund (ESF)The ESF Programme is worth €166m and makes up 25% of the Programme allocation. European Agriculture Fund for Rural Development (EAFRD)In addition to the ERDf and ESF funds the EAFRD fund will have a smaller allocation of €£9.4 million which will align with the wider Cornwall & Isles of Scilly Growth Programme. The Cornwall and Isles of Scilly Growth Programme is the Eurpean economic regeneration programme for the region. Running from 2014 - 2020 this programme of European funding builds on the previous Objective One and Convergence Programmes.