EU sets up fund of € 25 billion for economic consequences of coronavirus

EU sets up fund of € 25 billion for economic consequences of coronavirus

Tuesday, 17 March, 2020

The European Union (EU) will set up a €25 billion investment fund to combat economic problems caused by the coronavirus, which will be used to support healthcare, small businesses and the labour market.

The Fund is part of the EU's intention to do 'whatever it takes' to mitigate the economic impact of the corona virus outbreak. The rules for state aid are also relaxed to make it easier to combat the problems. Immediately, €7.5 billion of the total amount will be made available. This amount is intended for investments.

Read more: https://www.nu.nl/coronavirus/6036542/eu-zet-fonds-van-25-miljard-euro-op-voor-economische-gevolgen-coronavirus.html

other funding news

Our experienced content team is skilled at sourcing funding opportunities, reporting on the latest hot topics and providing accurate, comprehensive funding content which supports organisations and their beneficiaries in their quest for funding.

Interested in finding out more?
Get in touch with our expert team.

RESEARCHconnect

Supporting you at every step of your funding journey