loading

News

EU Cohesion policy: €34 billion approved for regions and cities

EU Cohesion policy: €34 billion approved for regions and cities
11 October 2021

Today, at the press conference for the launch of the 19th European Week of Regions and Cities 2021, the Commission took stock of the implementation of the Recovery Assistance for Cohesion and the Territories of Europe (REACT-EU). With €34.1 billion approved and €3.5 billion already paid out in just four months, REACT-EU was the very first instrument of NextGenerationEU to make payments for the recovery of Member States.

In just 4 months, 86% of the available REACT-EU resources for this year have been approved. €21.7 billion are mobilised through the European Regional Development Fund, €12 billion through the European Social Fund and €410 million through the Fund for European Aid to the most Deprived.

The REACT-EU funding complements the Coronavirus Response Investment Initiative (CRII) package that mobilised more than €21 billion in response to the urgent economic and social needs of the sectors most affected by the coronavirus pandemic.

Here are some concrete examples of the support that people and businesses have received through REACT-EU:

  • European Regional Development Fund (ERDF): In Portugal, the ERDF has supported the purchase of vaccines for more than half of the population. In Slovenia, the ERDF has funded the installation of new IT systems in the health sector. In the Czech Republic, the ERDF is funding the purchase of new medical equipment helping the regions to become more resilient against future health crises. In Sweden, the ERDF is supporting small companies to manage the digital transition
  • European Social Fund (ESF): Across Member States, people received training, coaching, and career guidance to increase their chances of maintaining their jobs or finding new ones. In Italy, businesses received hiring subsidies to support the employment of women and young people. The ESF also supported financial counselling services and housing for homeless people
  • Fund for European Aid to the Most Deprived (FEAD): In Austria and Romania for instance, children in need have received school supplies. In Estonia, France, Luxembourg and other Member States, food aid like warm meals and basic material assistance like hygiene products were delivered to most deprived people.

Image © European Commission, 2021 

News

Related news

Effective implementation and enforcement of EU trade agreements and international trade rules have added €5.4 billion to EU exports in 2020. This confirms that European...
More details EU exports increased by more than €5 billion in 2020
The Commission adopted today its State of the Energy Union Reports for 2021, taking stock of the progress that the EU is making in delivering the clean energy transition,...
More details State of the Energy Union 2021
This weekend, the Conference Plenary will discuss reports from the European Citizens' Panels, national panels and events, the EYE and the Platform. In this Conference Plenary...
More details Conference on the Future of Europe: Plenary

Stay in touch with us!

For more information about our services and working opportunities at our company, do not hesitate to: