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REACT-EU: € 4.7 billion to support jobs, skills and the poorest people in Italy

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The Commission has granted €4.7 billion to Italy under REACT-EU to encourage the country's response to the coronavirus crisis and contribute to a sustainable socio-economic recovery. The new funding is the result of the modification of two operational programs of the European Social Fund (ESF) and the Fund for European Aid to the Most Deprived (FEAD). The Italian national ESF program ‘Active employment policies' will receive €4.5bn to support employment in the areas most affected by the pandemic.

The additional funds will increase the hiring of young people and women, allow workers to participate in training and support tailor-made services for job seekers. In addition, they will help protect jobs in small businesses in the regions of Abruzzo, Molise, Campania, Puglia, Basilicata, Calabria, Sicily and Sardinia.

Employment and Social Rights Commissioner Nicolas Schmit said: “The European Union continues to help its citizens overcome the COVID-19 crisis. The new funding for Italy will help create jobs, especially for young people and women, in the regions most in need. Investments in skills are another priority and are essential to master the ecological and digital transitions. We are also paying special attention to the most vulnerable people in Italy by strengthening the funding of food aid."

Cohesion and Reform Commissioner Elisa Ferreira (pictured) said: “Regions are at the heart of Europe's recovery from the pandemic. I am delighted that member states are using the Union's emergency aid to tackle the pandemic and initiate a sustainable and inclusive recovery for the long term. REACT-EU funding will help Italians in the worst-hit regions recover from the crisis and create the foundations for a modern, forward-looking economy. As part of NextGenerationEU, REACT-EU is providing additional funding of €50.6bn (at current prices) to cohesion policy programs during 2021 and 2022 to support labor market resilience, jobs, small and medium-sized businesses and low-income families."

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