{"id":11074,"date":"2021-08-06T09:09:06","date_gmt":"2021-08-06T06:09:06","guid":{"rendered":"https:\/\/www.fundingprogrammesportal.gov.cy\/?p=11074"},"modified":"2023-01-04T14:03:04","modified_gmt":"2023-01-04T12:03:04","slug":"eu-cohesion-policy-e2-7-billion-of-additional-resources-to-support-the-recovery-in-spain-italy-and-cyprus","status":"publish","type":"post","link":"https:\/\/www.fundingprogrammesportal.gov.cy\/en\/2021\/08\/eu-cohesion-policy-e2-7-billion-of-additional-resources-to-support-the-recovery-in-spain-italy-and-cyprus\/","title":{"rendered":"EU Cohesion policy: \u20ac2.7 billion of additional resources to support the recovery in Spain, Italy and Cyprus"},"content":{"rendered":"The Commission has approved the modification of seven Operational Programmes (OP) for the <a href=\"https:\/\/ec.europa.eu\/regional_policy\/en\/funding\/erdf\/#:~:text=The%20ERDF%20aims%20to%20strengthen,on%20several%20key%20priority%20areas.&amp;text=The%20low%2Dcarbon%20economy.\" target=\"_blank\" rel=\"noopener\">European Regional Development Fund<\/a> (ERDF) and <a href=\"https:\/\/ec.europa.eu\/esf\/home.jsp\" target=\"_blank\" rel=\"noopener\">European Social Fund<\/a> in Spain, Italy and Cyprus under <a href=\"https:\/\/ec.europa.eu\/regional_policy\/en\/newsroom\/coronavirus-response\/react-eu\" target=\"_blank\" rel=\"noopener\">REACT-EU<\/a> for a total of \u20ac2.7 billion. The Commission has granted an additional financing of \u20ac1.6 billion to Italy under the National Operational Programme \u2018Enterprises and Competitiveness\u2019. These additional resources will support SMEs in making investments in the green and digital transition. The REACT-EU resources will also be invested in interventions in the field of energy, like in the development and reinforcement of Smart grids for the transmission and distribution of energy and in measures aimed at increasing the energy efficiency of public buildings. In Spain, more than \u20ac1 billion of additional money is granted under <a href=\"https:\/\/ec.europa.eu\/regional_policy\/en\/newsroom\/coronavirus-response\/react-eu\" target=\"_blank\" rel=\"noopener\">REACT-EU<\/a> to top up operational programmes (OP) of the <a href=\"https:\/\/ec.europa.eu\/regional_policy\/en\/funding\/erdf\/\" target=\"_blank\" rel=\"noopener\">European Regional Development Fund<\/a>. The region of <em>Arag\u00f3n<\/em>\u00a0will receive additional resources of more than \u20ac207 million. These will be allocated to investments in products and services for healthcare, investments contributing to a transition towards a digital and green economy, and in infrastructure providing basic services to citizens. The region of Extremadura will receive an additional amount of \u20ac87 million. This money will be invested to strengthen the capacity to respond to public health crises, to support SMEs in the form of working capital and to ensure infrastructures providing basic services to citizens. The Operational Programme for the Baleares will be increased by an amount of \u20ac194 million. These resources will used for\u00a0 investments to reinforce health and social services to combat COVID-19, to provide working capital for the most affected SMEs, to support the climate transition and to provide basic infrastructure for citizens. The Madrid region will receive an additional amount of \u20ac587 million. A significant part of the REACT-EU funds for Madrid region is planned to be used for the rehabilitation of the University Hospital \u201812 Octubre\u2019 a strategic operation for increasing the resilience of the Community\u2019s health system and improving the health services provided to its population. In Cyprus, the OP \u2018Competitiveness and sustainable development\u2019 will receive an additional amount of more than \u20ac 46.4 million. This money will be invested in support to SMEs affected by the pandemic mainly with non-repayable financial support for working capital (grants), as well as to actions contributing to climate change objectives. REACT-EU is part of <a href=\"https:\/\/ec.europa.eu\/info\/strategy\/recovery-plan-europe_en\" target=\"_blank\" rel=\"noopener\">NextGenerationEU<\/a> and provides \u20ac50.6 billion additional funding (in current prices) over the course of 2021 and 2022 to Cohesion policy programmes.","protected":false},"excerpt":{"rendered":"<p>The Commission has approved the modification of seven Operational Programmes (OP) for the European Regional Development Fund (ERDF) and European Social Fund in Spain, Italy and<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-11074","post","type-post","status-publish","format-standard","hentry","category-announcements"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EU Cohesion policy: \u20ac2.7 billion of additional resources to support the recovery in Spain, Italy and Cyprus - 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