Coronavirus response: Over €1 billion from EU Cohesion policy to support Spain's recoveryChristian Fernsby ▼ | September 25, 2020
The European Commission has approved the modification of nine more Cohesion policy operational programmes in Spain, worth a total of €1.2 billion from the European Regional Development Fund (ERDF) to alleviate the impact of the coronavirus outbreak.
EU Cohesion Brusells
Moreover, support to SMEs will contribute to boost the economic sector. Finally, EU funds will be redirected to develop the ITC of the education and training sectors.
After Asturias and País Vasco, Cataluña and Navarra, Extremadura and La Rioja, nine other Spanish regions are now benefitting from the CRII flexibilities (Andalucía, Baleares, Canarias, Cantabria, Castilla La Mancha, Castilla y León, Galicia, Madrid and Comunidad Valenciana).
Other modifications to ERDF operational programmes (Aragón, Ceuta, Melilla, Murcia and Plurirregional Spain) are being analysed and will be adopted soon.
The modifications are possible thanks to the exceptional flexibility under the Coronavirus Response Investment Initiative (CRII) and Coronavirus Response Investment Initiative Plus (CRII+) which allow Member States to use Cohesion policy funding to support the most exposed sectors because of the pandemic, such as healthcare, SMEs and labour markets.
Regions will also benefit from a temporary increase of the EU co-financing up to 100%. Spain plans to use in total €2.5 billion from the ERDF to support the health services and businesses in mitigating the harmful consequences of the coronavirus outburst in the country. ■