The distribution of REACT-EU resources for the year 2022 has been released by the Commission. All 27 Member States now have around €11 billion (in current prices) available for Cohesion policy programming. These monies will be added to the nearly €40 billion set aside in 2021. Member States will be able to continue implementing recovery measures through improving healthcare, business resilience, and support for the most vulnerable groups, while also contributing to green and digital initiatives for smart, sustainable, and coherent recovery.
REACT-EU is a successful tool for assisting the EU’s recovery from the coronavirus epidemic and the implementation of a fair green and digital transition. Now that practically all of the 2021 REACT-EU resources have been scheduled, we urge the Member States to submit their programme changes for the 2022 tranche to the Commission as soon as possible to ensure timely absorption. Since the beginning of the crisis, REACT-EU has made a meaningful contribution to Europeans’ lives, from assisting job seekers in Belgium to sponsoring elderly care in Bulgaria. Member states should continue to take advantage of the €11 billion in additional money available for 2022.
The REACT-EU resources are being distributed in two stages in order to fully reflect the pandemic’s evolving social and economic consequences. The allocations are based on the GDP, unemployment, and youth unemployment of the countries. In addition, the breakdown considers the economic impact of the coronavirus pandemic on the Member States, based on statistics until October 19, 2021.
The REACT-EU instrument was the first to be deployed under NextGenerationEU, with the first payment of €800 million paid on June 28, 2021. Member states have been able to allocate €37 billion as a result of the quick acceptance of measures, with total payments of €6.1 billion. The European Regional Development Fund will receive €23.3 billion, the European Social Fund will receive €12.8 billion, and the Fund for European Aid to the Most Deprived will receive €0.5 billion of the approval.