Summary
The proposal introduces new measures to help Member States recover from major natural disasters by using European Regional Development Fund (ERDF) resources through higher co-financing rates. 10 07.07.2017
Other
economy
european union
administrative law
public finance and budget policy
Key points
- Introduction of specific measures to provide additional assistance to Member States affected by natural disasters.
- Creation of a dedicated priority axis for reconstruction projects within the European Regional Development Fund.
- Possibility of an increased co-financing rate of up to 100% for reconstruction projects.
- The total amount for these measures is limited to a maximum of 5% of the Member State's total ERDF allocation for the 2014-2020 period.
Documents (PDFs)
REPORT on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 1303/2013 as regards specific measures to provide additional assistance to Member States affected by natural disasters
Specific measures to provide additional assistance to Member States affected by natural disasters ***I
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