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REACT-EU, which stands for Recovery Assistance for Cohesion and the Territories of Europe, is an initiative that continues and expands the crisis response and repair measures put in place under the Coronavirus Response Investment Initiative and the Corona-virus Response Investment Initiative Plus.

Description:

Funding for REACT-EU will be distributed among Member States taking into account their relative prosperity and the extent to which the current crisis is affecting their economies and societies, including youth unemployment, in order to address the impact of the coronavirus pandemic. The investment aims to support job retention, including through short-time working programs and support for the self-employed. The funds can also be used to support job creation and…For more information, please connect.

Amount:

55 billion euros

Beneficiaries: Administrations States, Local and Regional authorities

Sectors: Citizenship, Economy - Finances, Health, Trade

Regions: European Union

Next funding alert: 2021

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Framework program: Yes

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