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SURE – Support to mitigate Unemployment Risks in an Emergency

Financial assistance, in the form of loans granted on favourable terms from the EU to Member States. The European Commission can provide financial assistance up to €100 billion to affected Member States to address sudden increases in public expenditure for the preservation of employment.

Budget

100 billion euro

Beneficiaries

Type of financing

COUNCIL REGULATION (EU) 2020/672 of 19 May 2020 on the establishment of a European instrument for temporary support to mitigate unemployment risks in an emergency (SURE) following the COVID-19 outbreak

Budget
100 billion euro
Bénéficiaires
Type de financement​
COUNCIL REGULATION (EU) 2020/672 of 19 May 2020 on the establishment of a European instrument for temporary support to mitigate unemployment risks in an emergency (SURE) following the COVID-19 outbreak
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SURE is a temporary instrument which acts as a second line of defence, supporting short-time work schemes and similar measures, to help Member States protect jobs and thus employees and self-employed against the risk of unemployment and loss of income. Loans provided to Member States under the SURE instrument are underpinned by a system of voluntary guarantees from Member States.

Objectives

  • To help Member States to cover the costs directly related to the creation or extension of national short-time work schemes, and other similar measures they have put in place as a response to the current crisis.
  • To prevent a temporary shock from having more severe and long-lasting negative consequences on the economy and the labor market in Member States.
  • To sustain families’ incomes and preserve the productive capacity and human capital of enterprises and the economy.

Financed actions

  • Short-time work schemes;
  • Other measures to protect jobs.

How it works ?

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