REACT-EU: 1.1 billion to protect jobs and support economic recovery in Spain

The Commission has granted 1.1 billion to Spain in the framework of the Cohesion and Territorial Recovery Assistance for Europe

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Publicado por Admoneuropa2020
lunes, 21 de febrero de 2022 a las 09:51

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REACT-EU: 1.100 millones de euros para proteger el empleo y apoyar la recuperación económica en España

1.100 M€ para la recuperación económica en España

REACT-EU will foster crisis repair and integrate the green and digital transitions into the recovery strategy to increase the resilience of the economy. Such measures can quickly address the negative consequences of the outbreak, for example, through investments in energy efficiency, urban greening and digitalisation of schools and businesses. REACT-EU is expected to contribute 25% of the overall financial envelope to climate objectives.

New resources from the Spanish Operational Programme for Employment, Training and Education of the European Social Fund (ESF) support short-time working schemes ("Expedientes de Regulación Temporal de Empleo" or "ERTEs"). This helps more than 125.000 people to keep their jobs and supports companies to maintain their operations, paving the way for a resilient and lasting economic recovery.

Spain has already received €21.3 billion to support short-time working schemes through the Temporary Support for Unemployment, Risk and Emergency Relief (SURE) mechanism.

REACT-EU is part of NextGenerationEU and provides EUR 50.6 billion in additional funding (at current prices) over the course of 2021 and 2022 for the 2014-2020 cohesion policy programmes.

What is REACT-EU?

The Recovery Assistance for Cohesion and the Territories of Europe initiative, or simply "REACT-EU", constitutes additional EU budget resources financed by the EU Recovery Plan - NextGenerationEU. REACT-EU provides €50 billion (current prices) of fresh resources to existing cohesion policy programmes in the Member States for the years 2021 and 2022. It aims to bridge the gap between the immediate emergency response in the context of the COVID-19 pandemic and its social consequences, and long-term recovery.

Fuente original del contenido:

European Comission
https://ec.europa.eu/regional_policy/en/newsroom/news/2022/02/18-02-2022-react-eu-eur1-1-billion-to-protect-jobs-and-support-the-economic-recovery-in-spain

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21/02/2022 09:51 | Admoneuropa2020

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