The Netherlands and Austria are the first beneficiaries of REACT-EU

It will provide a top-up of €262m to Cohesion policy programmes

Photo: EU Wind turbines near the coast of the village of Kamperland, the Netherlands

The Netherlands and Austria became the first EU countries to make use of Recovery Assistance for Cohesion and the Territories of Europe, also known as REACT-EU. It is one of the largest programmes under Next Generation EU, and will provide a top-up of €47.5bn to Cohesion policy programmes over the course of 2021 and 2022.

The Commission approved on Tuesday the first decisions under REACT-EU that will increase the funding available for investments by nearly €262m for the two countries.

The additional resources involve a modification of four operational programmes for the European Regional Development Fund (ERDF). These resources continue and extend the crisis response and repair measures delivered through the Coronavirus Response Investment Initiative packages, acting as a bridge to the long-term recovery plan.

The resources under REACT-EU are of crucial importance for the recovery of the economy Commissioner for Cohesion and Reforms, Elisa Ferreira said. She called on Member States to complete their internal procedures for the approval of the Own Resources Decision so that the Commission can start borrowing.

Meanwhile, we are working fast forward to approve the programming decisions for this funding, the Commissioner specified encouraging all Member States to move as quickly as possible with their submissions.

In the Netherlands, the three amendments increase the EU co-financing rate and facilitate investments in the green and digital transition contributing to the resilience of the regional economy in North, East and South Netherlands.

The investments will contribute to the transitions related to a circular economy, renewable energy, digitalisation, climate, agriculture and food, sustainable use of materials. The programme will also support digitalisation in innovation projects, including in the health sector.

In Austria, the amendment of the ERDF Operational Programme for Growth and Jobs supports research and innovation capacities, provides investment support for enterprises in which innovative, green and digital projects will have a high share, and sustains increasing the energy efficiency and the use of renewable energy sources.

The EU executive is planning to adopt more REACT-EU operational programmes amendments in the coming weeks.

Similar articles

  • EU-funded Euromedia Ownership Monitor launched

    EU-funded Euromedia Ownership Monitor launched

    The initiative is part of a broader effort in the field of media freedom and pluralism

    The European Commission announced on Monday the launch of the EU-funded Euromedia Ownership Monitor. The monitor, coordinated by the Paris Lodron Universitat Salzburg, will provide a country-based database containing information on media ownership, as well as systematically assess relevant legal frameworks and identify possible risks to media ownership transparency. “It's getting increasingly difficult to understand who owns the media in the EU. This cannot be the case, because in democracy people deserve to know who provides them with information, Vice-President for Values and Transparency Vera Jourova said.

    63
  • EC gives €95m to boost access to Covid-19 tests

    EC gives €95m to boost access to Covid-19 tests

    The European Commission has awarded grants to 20 Member States totalling €95 million to purchase Covid-19 diagnostic tests to facilitate the delivery of the EU Digital Covid Certificate. The grants, financed through its Emergency Support Instrument (ESI), will allow Member States to provide tests. This support, channelled through the national authorities, will cater for the various needs in the different Member States, the EC said in a statement.

    50