In force from today 1 April: EUR 37 billion from EU Funds

In force from today 1 April: EUR 37 billion from EU Funds available for national governments to help SMEs pay salaries and bills, buy medical supplies and have liquidity.

As part of the Coronavirus Response Investment Initiative (CRII), the European Commission proposal to mobilise €37 billion from EU Funds to support Member States in countering the COVID19 crisis as adopted by the European Union Council enters into force on 1 April 2020. Please find more details here: https://ec.europa.eu/regional_policy/en/newsroom/coronavirus-response/