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Coronavirus response: Over €1 billion from EU Cohesion policy to support Spain's recovery

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The European Commission has approved the modification of nine more Cohesion policy operational programmes in Spain, worth a total of €1.2 billion from the European Regional Development Fund (ERDF) to alleviate the impact of the coronavirus outbreak. This comprehensive recovery approach will reallocate funds to strengthen the response capacity of the Spanish health system, will support SMEs contributing to boost the economic sector and develop the ITC of the education and training sectors.

Cohesion and Reforms Commissioner Elisa Ferreira said: “I am glad to see that Spain and its outermost region are taking advantage of the EU Cohesion policy flexibility measures put into place to support citizens, businesses and the health sector in their daily efforts against the virus. The European Commission stands ready to support Spanish regions and all member states thanks to the Coronavirus Response Investment Initiative (CRII).”

A full list of Spanish regions that benefitted from similar flexibility measures is available here. The modifications are possible thanks to the exceptional flexibility under the Coronavirus Response Investment Initiative (CRII) and Coronavirus Response Investment Initiative Plus (CRII+) which allow Member states to use Cohesion policy funding to support the most exposed sectors because of the pandemic, such as healthcare, SMEs and labour markets. A press release is available here.

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