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COVID-19: European Structural and Investment Funds - Exceptional flexibility (ECO/517)

14/05/2020

Position paper - ECO/517

The EESC welcomes the proposal to provide exceptional flexibility for the use of the European Structural and Investment Funds in response to the COVID-19 outbreak, and calls for it to be adopted swiftly with the greatest possible flexibility. All possible administrative burdens should be eliminated, and social partners and relevant civil society organisations more actively involved, in order to ensure effective crisis management. To overcome the socio-economic effects of the pandemic, the European Commission should propose an EU recovery plan commensurate with needs and in line with the EU's priorities. This plan should make use of all the programmes under a revised MFF 2021-2027, new innovative financial tools and investments.