(EU funding programmes 2021-2027)
The Recovery assistance for cohesion and the territories of Europe (REACT-EU) extends the crisis-response and crisis-repair measures delivered through the coronavirus response investment initiative (CRII) and the coronavirus response investment initiative plus (CRII+), and constitutes a bridge to the long-term recovery plan. The programme supports investment projects that foster crisis-repair capacities and contribute to a green, digital and resilient recovery of the economy, including support for maintaining jobs, short-time work schemes and support for the self-employed. It can also support job creation and youth employment measures, healthcare systems and the provision of working capital and investment support for small and medium-sized enterprises.
REACT-EU is not a new funding source, but a top-up to 2014-2020 European Regional Development Fund and European Social Fund allocations. These can be used until end 2023, as was already the case for the original allocations.
It is delivered under shared management. Local authorities call for projects adapted to their specific needs.
(Source: https://ec.europa.eu )