Summary
The proposal increases the initial pre-financing rate for the Youth Employment Initiative from 1% to 30%. This aims to provide Member States with faster access to EUR 1 billion to combat high youth unemployment. 10 21.05.2015
Other
finance
education
young person
social policy
employment and working conditions
Key points
- The proposal seeks to increase the initial pre-financing amount for programs supported by the Youth Employment Initiative.
- The pre-financing rate is proposed to be raised from 1% to 30%.
- The initiative specifically targets regions where the unemployment rate among young people exceeds 25%.
- This measure will release approximately EUR 1 billion in existing funds to be used as early as 2015.
Documents (PDFs)
REPORT on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 1304/2013 of the European Parliament and the Council on the European Social Fund, as regards an increase of the initial pre-financing amount paid to operational programmes supported by the Youth Employment Initiative
Pre-financing of operational programmes supported by the Youth Employment Initiative ***I
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