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    Home » Over €1 billion from EU funds allocated for flood recovery in Europe
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    Over €1 billion from EU funds allocated for flood recovery in Europe

    August 28, 2024
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    In a significant move to bolster resilience against natural calamities, the European Commission announced a comprehensive financial package exceeding €1 billion from the EU Solidarity Fund (EUSF) to aid several European nations devastated by severe flooding in 2023. The funds are designated to assist Italy, Slovenia, Austria, Greece, and France in their recovery efforts following a series of destructive floods that wreaked havoc across these countries last year.

    Over €1 billion from EU funds allocated for flood recovery in Europe

    Italy is set to receive the largest share of the aid, with a combined total of €446.6 million earmarked for the Emilia-Romagna and Tuscany regions, which were particularly hard-hit. Slovenia follows with an allocation of €428.4 million, aimed at addressing the extensive damage caused by the August floods. The package also includes €101.5 million for Greece and €46.7 million for France, aiding in their post-flood recovery and infrastructure rehabilitation.

    Austria will benefit as well, with €5.2 million allocated to support clean-up and restoration efforts in the aftermath of the floods. This financial aid is part of the EU’s broader commitment to supporting member states in times of crisis, ensuring swift and effective recovery from the impacts of major natural disasters. Elisa Ferreira, Commissioner for Cohesion and Reforms, emphasized the role of the EUSF as a pivotal mechanism for solidarity and support within the EU.

    She highlighted that the fund not only facilitates immediate recovery needs but also contributes to long-term resilience against the growing challenges posed by climate change. Since its establishment in 2002, the EU Solidarity Fund has been activated for over 130 events, including both natural and health-related emergencies, disbursing more than €8.6 billion in aid to affected regions across Europe.

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