EU Cohesion policy: support measures for recovery and transition approved for Denmark and France
The Commission approved the modification of two Cohesion Policy operational programmes (OP) that will increase the funding available for investments under REACT-EU (Recovery Assistance for Cohesion and the Territories of Europe) in Denmark and France by nearly €274 million.
Commissioner for Cohesion and Reforms, Elisa Ferreira, said: “I am glad to notice that REACT-EU programme amendments are picking up pace across the EU. I urge Member States to take full advantage of the REACT-EU funding to these policy measures to support long-term recovery following the coronavirus crisis”.
In Denmark, the amendment of the ERDF ‘Innovation and Sustainable Growth in Businesses OP’ will implement a national business development programme for SMEs combined with business support for regional strongholds, thus facilitating the recovery through green and digital transition.
In France, the modification of the ERDF-ESF ‘Rhône-Alpes OP’ will support SMEs, digitalisation, the green economy and the health sector, while providing training and support to the labour market, in both the Rhône-Alpes and Auvergne regions.
As part of NextGenerationEU, the REACT-EU legislation extends the crisis response and repair measures delivered through the Coronavirus Response Investment Initiative packages by providing a top-up of €47.5 billion (€50.5 billion in current prices) to Cohesion policy programmes over the course of 2021 and 2022.
REACT-EU measures should 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.