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European Social Fund

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Added on  2020-01-07

European Social Fund

   Added on 2020-01-07

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European social fund: Capital projects needed huge amount of finance and in order to finance projects related totourism European social fund can be used by relevant entity. This fund was set up in order to enhance employmentlevel in the European nations (CUI and SUN, 2011). Thus, this fund is used to support projects that can play animportant role in increasing employment in the specific nation.Travel and tourism related projects can be finance byraising a fund from the European social fundRegional development fund: Apart from the Europeansocial fund regional development fund is another source from which huge amount of money can be raised to financethe project. The main aim of setting this sort of fund was to promote regional cooperation in the Europe. In largenumber of the nations of the mentioned continent this fund was used to provide finance to many projects. Elevation inemployment is another objective behind setting this fund. Hence, through the regional development fund projectrelated to tourism can be fund.Shares: It is the one the commonly used source of finance. It is widely used long term source of finance. Under thissource of finance for long time period amount can be arranged by the business firm. Interesting fact is that in case ofthis source of finance it is not necessary to pay dividend to the shareholders in each and every financial year. Hence,it can be said that equity is the one of the best source of finance that is available to finance projects related to thetravel and tourism business.Debt: It is the source of finance that is commonly available to the business firms. This source of finance is commonly used by the business firmsirrespective of their size whether they are large, medium or small in size. Apart from the business firms government is another entity that widelyused debt to finance the projects (A primer to public private partnership in infrastructuredevelopment, 2008). The rate of interest is thefinance cost that is paid by debtor to the creditor. Debt is available at the fixed and floating interest rate. Fixed interest rate refersto the rate of finance cost that remains fixed andnever get changed.
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