Commission welcomes adoption of RESTORE proposal helping Member States recover from climate-related disasters
- 18 December 2024
The Commission welcomes today’s adoption by the European Parliament of the RESTORE proposal (Regional Emergency Support to Reconstruction). RESTORE allows Member States affected by climate-related disasters to benefit from a 95% co-financing rate for measures helping Member States recover from climate-related disasters such as repairing damaged infrastructure and equipment, providing food and basic material assistance and social and healthcare support, and temporarily support the financing of short-time work schemes. A pre-financing of 25% will help Member States accelerate support to those affected.To facilitate swift and effective responses, up to 10% of the ERDF and ESF+ existing Cohesion Policy funds earmarked for Member States for the 2021–2027 programming period may be redirected to deliver on these objectives, allowing for transfers between Cohesion Policy funds.
RESTORE can complement other instruments, such as the European Solidarity Fund. For instance, France could use this new mechanism to address the devastating aftermath of cyclone Chido, which severely impacted Mayotte.
The amendments concern the Regulations governing the European Regional Development Fund (ERDF) and the Cohesion Fund (CF), and the European Social Fund Plus (ESF+), for the 2021-2027 programming period, as well as the Regulation of the European Agricultural Fund for Rural Development (EAFRD) as part of the 2014–2022 framework.
The Commission had put forward its proposal in October 2024.