EU awards €3.5 billion grant for social development in Estonia | New

Regarding the green transition, a press release indicates that 781 million euros will be used to support the circular economy; 354 million euros will be used for the transition to a greener and more competitive industry and for the training of workers in the county of Ida-Viru; and €521 million will support the shift from road to rail transport for passengers and freight to reduce carbon emissions.

An additional €742 million will be invested in small and medium-sized enterprises to boost productivity, innovation and competitiveness in line with smart specialisation.

In addition, the money will be used to accelerate the digitization of the economy, the development of public digital services and high-speed internet.

The funding will be used for lifelong learning, skills development and social inclusion. A total of €534 million will be allocated to meet social, health, lifelong learning and labor market needs.

Other areas that will be addressed include child poverty, preventing school dropouts, reforming long-term supportive care, adapting education to labor market needs and promoting a working life. healthy. Food support and basic material assistance will also be provided to the most vulnerable groups in society.

€97.4 million will also be used to increase the resilience of the fishing, aquaculture and processing sectors.

Commissioner for Cohesion and Reforms Elisa Ferreira said: “Following today’s adoption of the Partnership Agreement, Estonia will benefit from support to further develop its economy, transition green and fair, innovation in small and medium-sized enterprises and its transport sector. far-reaching smart, green and digital future.”

Funding is allocated by EU Cohesion Policy from the European Regional Development Fund, the Cohesion Fund, the Just Transition Fund, the European Social Fund Plus and the European Sea Fisheries and Agriculture Fund. aquaculture.

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Joel C. Hicks