Mobilization of the EU Solidarity Fund for 2015

Summary

This proposal allocates €50 million to the 2015 EU budget to provide rapid financial advances to regions struck by natural disasters.
10 13.03.2015
Other
finance
social policy
european union

Key points

  • Provision of funds for the European Union Solidarity Fund.
  • The primary goal is to enable faster financial aid through the use of advances during natural disasters.
  • A total amount of 50 million euros is allocated for the 2015 budget year.
  • Advances are capped at 10% of the expected contribution and a maximum of 30 million euros per case.
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