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EU Grants €618M In Cohesion Policy Funding To Fight Pandemic Effects In Poland

 |  July 21, 2020

The European Commission has approved the modifications of three cohesion policy operational programs in Poland, redirecting €618 million (US$712.65 million) in Cohesion policy funding to address the effects of the coronavirus crisis in the Polish economy and health system. 

Commissioner for Cohesion and Reforms, Elisa Ferreira commented, “There is no time to waste in fighting the coronavirus pandemic. Thanks to the new flexibility in the rules to use Cohesion policy, as well as the swift action of the Commission and the Polish regional and national authorities, much needed resources have been made available to help mitigate the negative consequences of this crisis.”

The modification of the Operational Programme (OP) Smart Growth 2014-2020 will make available €314.5 million (US$362.67 million) of EU Cohesion policy funds in form of subsidies and loans for over 7,200 enterprises suffering from financial loss as a consequence of the coronavirus outbreak. The same OP will provide €71 million (US$81.87 million) to finance testing of an innovative solution in the field of diagnostics, therapy, and prevention; piloting projects intended to readjust business models of companies, as well as to support the research projects.

Full Content: Europa

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