Revised EU Solidarity Fund Regulation in forceJune 30, 2014
Hat: The reform simplifies the existing rules so that aid can be paid out more rapidly than before.
Funding Scheme: 2014-06-29
Pgm2014 2020: Yes
The revised EU Solidarity Fund Regulation entered into force on 28 June and simplifies the existing rules so that aid can be paid out more rapidly than before. The use of advance payments will be become possible for the first time for Member States from 2015.
– To clarify the scope of the Solidarity Fund limiting it to natural disasters and extending it to drought
– Clearer rules on eligibility for regional disasters, introducing one single damage threshold for aid 1.5% of regional GDP at NUTS2 level
– Special threshold for outermost regions: 1% of regional GDP
– Possibility of advance payments for the first time: 10% of anticipated contribution, capped at €30 million
– Shorter administrative procedure by merging two stages of approval and implementation into one agreement
– Introduction of measures to encourage disaster risk prevention strategies: reporting requirements and possible conditions for aid
Url description: Press of the European Commission
Url info description: http://ec.europa.eu/regional_policy/newsroom/index.cfm?LAN=EN&lang=en