The Commission now proposes further amendments to the Common Provisions Regulation and the FEAD Regulation, in response to the COVID-19 outbreak, and in view of the growing needs on the ground. These amendments make available for the years 2020, 2021 and 2022 additional resources for the FEAD, as part of the increased resources to cohesion policy under the EU budget 2014-2020.
Under the new REACT-EU initiative, current cohesion policy programmes will be topped up between now and 2022. It also allows Member States to inject further resources to the FEAD.
The REACT-EU package includes €55 billion of additional funds that will be made available to the 2014-2020 European Regional Development Fund (ERDF) and the European Social Fund (ESF) as well as the European Fund for Aid to the Most Deprived (FEAD). These additional funds will be provided in 2021-2022 from Next Generation EU and already in 2020 through a targeted revision to the current financial framework.
The additional resources will provide food and basic material assistance together with accompanying measures, or to dedicated social inclusion measures. To ensure a quick delivery, Member States will receive a substantial pre-financing payment on the additional resources and are not required to add any national co-financing.
To know more:
- Proposal for a Regulation amending Regulation (EU) No 223/2014 as regards the introduction of specific measures for addressing the COVID-19 crisis – click here
- To have more information on REACT-EU, please click here
- Article on FEBA website on the Amending Regulation (EU) 223/2014 of 20 April 2020 – link here