REACT-EU stands for Recovery Assistance for Cohesion and the Territories of Europe and is an initiative that continues and extends the crisis response and crisis repair measures delivered through the Coronavirus Response Investment Initiative and the Coronavirus Response Investment Initiative Plus. REACT-EU provides a €47.5bn additional investment under the investment for growth and jobs goal. €37.5bn will be allocated in 2021 with €10bn being allocated in 2022.
Member States can use the REACT-EU budget for the ESF, the European Regional Development Fund (including for cross–border co-operation under ETC), the Fund for European Aid to the Most Deprived (FEAD), and the Youth Employment Initiative.
Ireland’s provisional allocation for 2021 is €83.24m.
These additional resources should be directed to primarily support:
Further information on REACT-EU can be found at https://ec.europa.eu/commission/presscorner/detail/en/IP_20_2140
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