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EU cohesion policy: End of year wrap-up of action against the effects of the coronavirus pandemic

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The Commission is announcing the 2020 results of the Coronavirus Response Investment Initiative (CRII) and the Coronavirus Response Investment Initiative Plus (CRII+) launched by the Commission to fight the effects of the coronavirus pandemic. The EU mobilized investments of around €18 billion since the beginning of the crisis to support the health and socio-economic sectors. Cohesion and Reforms Commissioner Elisa Ferreira said: “We are reaching the end of a very difficult year for everyone. The amount of EU Cohesion funds that were reprogrammed and directed to the most affected sectors, show how the two CRII packages were crucial in supporting member states, citizens and businesses in this crisis. Cohesion Policy was at the forefront of the fight against the adverse effects of the pandemic, and will remain so in the relaunch of our economies and in ensuring that they'll emerge from this crisis stronger than before.”

Investments triggered by the exceptional flexibilities of the CRII and CRII+ legislative packages were enabled by close co-operation between the Commission, member states and regions. This co-operation facilitated among others the adjustment of 82% the cohesion policy Investment for Growth and Jobs programmes in 25 member states and the UK. The possibility to use the 100% EU co-financing rate has provided member states with additional €3.2 billion in their budgets for this accounting year. Small and Medium sized enterprises (SMEs) have benefited from most of the funding available, over €10bn, that helped businesses to stay afloat. €3bn was directed to people, including for social services to vulnerable groups and temporary employment schemes for workers. Lastly, €6.6bn supported the health sector, in addition to the €10.2bn from the EU budget that were already allocated to this area in the years 2014-2020.

More details can be found in the press release while data on resources mobilized can be found on the Commission's Coronavirus dashboard and on the InfoRegio webpage.

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