(08 April 2021) – The Commission approved the first decisions under REACT-EU (Recovery Assistance for Cohesion and the Territories of Europe). The Netherlands and Austria become the first EU countries to make use of REACT-EU.
The modification of four operational programmes for the European Regional Development Fund (ERDF) in the Netherlands and Austria will increase the funding available for investments by nearly €262 million from REACT-EU.
The Netherlands and Austria thus become the first EU countries to make use of REACT-EU. In the Netherlands, the three amendments increase the EU co-financing rate and facilitate investments in the green and digital transition contributing to the resilience of the regional economy in North, East and South Netherlands.
In Austria, the amendment of the ERDF Operational Programme for Growth and Jobs supports research and innovation capacities, provides investment support for enterprises (in which innovative, green and digital projects will have a high share), and sustains increasing the energy efficiency and the use of renewable energy sources.
The Commission is planning to adopt more REACT-EU operational programmes amendments in the coming weeks.