All EU states benefit of Coronavirus Response Investment tool

The Commission launched a Cohesion Open Data Platform

Photo: EU Apostolos Tzitzikostas and Elisa Ferreira.

The Commission announced on Monday the first provisional results of the implementation of the Coronavirus Response Investment Initiative (CRII) and Coronavirus Response Investment Initiative Plus (CRII+). 

Because of the flexibility introduced in the Cohesion Policy, the EU mobilised since the beginning of the crisis over €13bn in investments to tackle the effects of the coronavirus pandemic, through the European Regional Development Fund (ERDF), the European Social Fund (ESF) and the Cohesion Fund (CF). The EU funds helped national, regional and local communities in countering the negative socio-economic impact of the coronavirus pandemic.

All in all, €4.1bn have been reallocated towards healthcare to purchase vital machinery and personal protective equipment to save lives. €8.4bn have been mobilised through issuing grants, loans and a series of personalised financial instruments to support the economy and, in particular, SMEs to adapt to the crisis. Around €1.4bn have been channelled through the ESF to help people and save jobs.

The Commission launched on the same day a dedicated webpage on the Cohesion Open Data Platform to show how the EU Cohesion policy is supporting Member States to overcome the coronavirus crisis. With daily updates, the platform will show all information regarding programme amendments, where the resources are going and how these are invested. With a constant update, the overview of the platform will become everyday more complete.

Commissioner for Cohesion and Reforms, Elisa Ferreira, stated that Cohesion policy is at the heart of fighting the coronavirus pandemic and ensuring a rapid recovery. The results of our stocktaking show that all Member States are taking advantage of the Coronavirus Response Investment Initiative for the benefit of citizens, businesses and the health sector. As from today, such successful results are clearly visible to everyone on our interactive Coronavirus Dashboard, at just a click away, she specified.

President of the European Committee of the Regions, Apostolos Tzitzikostas, underlined that thanks to simplified rules, cohesion policy has shown its added value bringing together EU's Member States, regions and cities, to protect people, save jobs and preserve local economies during the pandemic. We need to treasure this lesson making easier the access to EU funds and involving all levels of government to shape and deliver recovery plans, he said adding that to get the utmost out of every invested euro and ensure that money goes where it is needed the most, “we need cohesion to be the guiding compass for all EU investments”.

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