€11 BILLION REACT-EU FUNDS ALLOCATION NOW AVAILABLE FOR 2022
The Commission has published the allocation of REACT-EU resources for the year 2022. Around €11 billion (in current prices) are now available for programming under Cohesion policy in all 27 Member States. These funds come in addition to the almost €40 billion made available in 2021. Member States will be able to continue implementing recovery measures by increasing resilience of healthcare, business and support to the most vulnerable groups, while also contributing to the green and digital priorities for a smart, sustainable and cohesive recovery.
Commissioner for Cohesion and Reforms, Elisa Ferreira, said: “REACT-EU is a success instrument to support the recovery from the coronavirus crisis and implement a fair green and digital transition in the EU. EU countries have programmed almost all of the 2021 REACT-EU resources, now we urge Member States to rapidly submit to the Commission their programme amendments for the 2022 tranche for a timely absorption.”
