The REACT-EU package includes additional funding of approximately €94 million to be provided in 2021 and 2022. These extra funds are an increase of existing cohesion policy programmes of the 2014 - 2020 funding period. REACT-EU funds are supposed to stabilise sectors that are crucial for rehabilitation. These include job retention, support for the self-employed, investment in health systems, investment support for SMEs, and support for tourism and culture. Furthermore, investments will be made in the European Green Deal and digital turnaround to reinforce investments in these areas previously made under EU cohesion policy.
The distribution of REACT-EU funds is made by taking into account the relative prosperity and to which extent the crisis has impacted the Member States. The Member States themselves decide on the use of the funds. A high upfront payment of 11% of the 2021 budget is supposed to support a rapid response to the crisis. Likewise, eligible expenditure can be financed by EU funds up to 100 % under REACT-EU. The national co-financing that would otherwise be necessary is not required.
REACT-EU can reinforce the European Regional Development Fund (ERDF), the European Social Fund (ESF) and the Fund for European Aid to the Most Deprived (FEAD). In Thuringia, plans are to allocate the REACT-EU funding in total to the OP Thuringia ERDF 2014 - 2020.