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REACT-EU: €34 billion approved for EU Cohesion policy

publié le 11 October 2021

Today, at the press conference for the launch of the 19th European Week of Regions and Cities 2021, the Commission declared that already €34 billion have been approved for regions and cities during the past four months.

With €34.1 billion approved and €3.5 billion already paid out in just four months, REACT-EU is 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 €410m through the Fund for European Aid to the most Deprived.

REACT-EU is part of the NextGenerationEU recorvery instrument and provides €50.6 billion additional funding (in current prices) over the course of 2021 and 2022 to Cohesion policy programmes. Measures focus on supporting labour market resilience, jobs, SMEs and low-income families, as well as setting future-proof foundations for the green and digital transitions and a sustainable socio-economic recovery.

EU Cohesion policy on the front line of the recovery: €34 billion approved for regions and cities in just 4 months

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