The report finds that SURE has been successful in cushioning the severe socio-economic impact resulting from the COVID-19 pandemic. National labour market measures supported by SURE are estimated to have reduced unemployment by almost 1.5 million people in 2020. Thanks to SURE and other support measures, the increase in unemployment in the beneficiary Member States during the pandemic has turned out to be significantly smaller than during the global financial crisis, despite the much larger fall in GDP. SURE provides financial support in the form of loans granted on favourable terms from the EU to Member States to finance national short-time work schemes, similar measures to preserve jobs and support incomes, notably for the self-employed, and some health-related measures. A total of €94.3 billion in financial assistance has so far been approved for 19 Member States, of which €89.6 billion has been disbursed. SURE can still provide almost €6 billion in financial assistance to Member States out of the total envelope of €100 billion.