More than €171 million of EU funds under the Recovery Assistance for Cohesion and the Territories of Europe (REACT-EU) are being allocated to Germany, Denmark and Spain.
REACT-EU: More than €171 million of additional resources for the recovery in Germany, Denmark and Spain
- 18 March 2022
In Germany, Baden-Württemberg is receiving additional resources of €27 million under the European Regional Development Fund (ERDF). These resources will be used to fund research and development, contributing for instance to the research on the COVID-19 virus. Moreover, small and medium businesses (SMEs) receive support to invest in innovation improving their competitiveness and crisis resilience.
In Bavaria, the European Social Fund (ESF) receives €12 million to support people most impacted by the coronavirus pandemic, for example by hiring additional teaching and care staff in early childhood education in financially weaker municipalities. The new funds will also support the professional training of 700 people to improve skills for digital and green transformation of the economy. They will also support the exchange between universities and small and medium-sized enterprises (SMEs) to apply research results in businesses to contribute to the digital transformation of the economy. In addition, the funds will support green jobs by allowing Bavaria to hire more guardians in five nature conservation areas to improve environmental awareness.
In Denmark, the ERDF is topped up with more than €32 million to support the upscaling, testing and demonstration of new green and innovative technologies, particularly in the clean energy sector.
Finally, in Spain, the Valencian Community will receive more than €100 million under the ERDF to provide support for investments in products and services in the domain of health, in support to SMEs and in sustainable mobility. A part of the resources will be also used for the construction and renovation of public hospitals and schools. As a result, 8000 pupils will benefit from an improved education infrastructure.
REACT-EU is part of NextGenerationEU and provides €50.6 billion in additional funding (in current prices) over the course of 2021 and 2022 to the 2014-2020 cohesion policy programmes.