REACT-EU: €84.3 million to support the economic and social recovery in Finland and Germany and welcoming people fleeing the war in Ukraine in Latvia – Regional Policy & More News Here

10/05/2022

Finland, Germany and Latvia will obtain an extra €84.3 million in complete below REACT-EU to support the publish-pandemic recovery and the greening and digitalisation of their economic system, in addition to to support people in want, together with people fleeing the war in Ukraine.

In Finland, €36.4 million will support small and medium companies (SMEs) with their publish-coronavirus pandemic recovery, the implementation of latest and inexperienced applied sciences, cyber-safety and digitalisation. The funds may even be invested in the digitalisation of public and industrial sectors, inexperienced development and new well being care merchandise.

In Germany, in Saxony-Anhalt, an extra €23 million will assist deprived pupils to enhance their digital abilities. In addition, the Berlin operational programme (OP) receives €12.1 million to support SMEs with their networking and cooperation actions and the congress and convention business which was hit exhausting by the pandemic disaster in the business’s transition to extra hybrid and sustainable occasions. Finally, Rheinland-Pfalz will obtain an extra €11 million for measures to strengthen the innovation and competitiveness of SMEs, support info and data transfers between universities and SMEs, in addition to accessible tourism and power effectivity measures to cut back CO2 emissions.

In Latvia, the Food and Basic Material Assistance OP will obtain an extra €1.8 million to support people in want, together with those that have been affected by the coronavirus disaster and people who’ve fled the Russian invasion in Ukraine. Around 70,000 people in want, together with round 10,000 individuals with disabilities, will profit from materials help, meals parcels and heat meals. REACT-EU is a part of NextGenerationEU and gives €50.6 billion in extra funding (in present costs) over the course of 2021 and 2022 to the 2014-2020 cohesion coverage programmes.

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The 2021 tranche of REACT-EU had already allotted €40 billion. To assist Member States handle the arrival of people fleeing the war in Ukraine, the Commission has not too long ago elevated the co-financing fee and has paid greater than €3.5 billion in advance funds from REACT-EU.

 

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