ERAC (European and Regional Affairs Consultancy) is founded in 1992 to assist regional and national governments in developing and implementing programmes within the framework of the European Structural Funds. Since then ERAC has grown into a consultancy firm with over fifty professionals. ERAC's consultancy services focus explicitly on regional economic development policy. ERAC has acquired an authority position concerning the European Structural Funds. Our knowledge and experience has been of use for numerous European partners in obtaining grants for European cooperation and in developing and managing European cooperation projects (such as Interreg IV and LIFE+). Our core business also involves developing, implementing and evaluating ERDF-programmes.