EU Solidarity Fund
The European Union Solidarity Fund (EUSF), established in 2002, is designed to allow a rapid, efficient and flexible response to emergency situations following major natural disasters. It intervenes mainly in natural disasters which have serious repercussions on living conditions, the natural environment or the economy in one or more regions of a Member State or a candidate country which has already begun accession negotiations.
Assistance from the Fund takes the form of a single and global grant, with no co-financing required, in addition to the public efforts of the beneficiary State. The EUSF has a maximum annual budget of EUR 500 million plus the unspent allocation from the preceding year.