In line with the Commission's proposal, all uncommitted money from the current Cohesion Policy funds will now be mobilised to address the effects of the public health crisis. To make sure that funds can be redirected to where they are most urgently needed, transfers will now be possible between different funds, regions and policy programmes. The Initiative provides immediate liquidity with the possibility of using 100% EU financing for measures related to the crisis, meaning EU funds do not need to be matched by national co-financing before they can be unlocked. By allowing the flexible use of all available funds and by simplifying administrative procedures, the Coronavirus Response Investment Initiative is providing unprecedented support to healthcare systems, industries and people across Europe.
It will also now be possible to use the Fund for European Aid to the Most Deprived to buy protective equipment for volunteers delivering aid. Basic material assistance can be delivered through vouchers, lowering risks for the volunteers, who can continue to help the homeless, children living in poverty and people who depend on food banks.
Source: European Commission
