About: REACT-EU

Lawmakers strike deal on first recovery funds as vetoes loom

EU lawmakers on Wednesday (18 November) reached a political agreement on REACT-EU, the €47.5 billion fund that will channel European money to prop up the bloc's economy by supporting health services and small businesses.

MEPs worry about ‘funding gap’ for EU regions as talks press ahead

EU lawmakers want to ensure there is no financing gap between the next budgetary period for the policy that aims to reduce disparities between European regions, even if talks on the new regulation laying out the ground rules for the use of EU funds gets delayed.

Report charts new EU ‘COVID-19 geography’, growing inequality risks

The first EU-wide survey of the current challenges the pandemic has posed for local and regional governments across the bloc shows risks of a widening divide between the EU's regions and calls for closer involvement of local authorities in drawing up recovery plans.

Cities see lobbying efforts bear fruit in drive for direct access to EU funds

The coronavirus pandemic has opened new opportunities for European urban centres to have greater access and be involved more in the spending of EU funds. While personal meetings play a crucial role lobbying efforts, the pandemic has pushed the Commission...

EP faces roadblocks as lawmakers push for quicker deployment of COVID-19 funds

Lawmakers on the European Parliament's regional development committee are keen to see a quicker deployment of funds for the mitigation of the immediate effects of the COVID-19 crisis but they face an uphill battle with the member states who propose less money and potentially longer procedures.