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

From January 1st to June 30th, 2024, Belgium will hold the Presidency of the Council of the European Union (the Council). With the presidency just around the corner, B2EU has...
More details  An Analysis of the Goals, Focus, and Priorities of the Belgium Presidency
On the 24th of November, 2023 the EU announced the release of €15 million in humanitarian aid for the most vulnerable people in Syria and Lebanon, including refugees and those...
More details EU Announces €15 Million in Humanitarian Assistance for Refugees and People in Need in Syria and Lebanon
On November 15th, the European Union (EU) and its Member States officially signed the "Samoa Agreement," a partnership accord with the African, Caribbean, and Pacific States...
More details Samoa Agreement: EU and its Member States sign new Partnership Agreement with the Members of the Organisation of the African, Caribbean and Pacific States

Stay in touch with us!

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