Commission enters €21.4bn agreement with Czechia

The Commission approved its Partnership Agreement with Czechia, which lays out the country’s €21.4 billion cohesion policy investment agenda for the years 2021-2027.

Cohesion policy subsidies will continue to help Czech regions promote economic, social, and territorial cohesion while also embracing major EU priorities like the green and digital transformation, which includes sustainable transportation.

The money will also help to boost the country’s competitiveness, innovation, and long-term employment, as well as increase skills and social inclusion.

Czechia will use €3.4 billion from the European Regional and Development Fund (ERDF) to digitalize its economy, support research and innovation, and boost the growth and competitiveness of small and medium-sized enterprises (SMEs), as well as support entrepreneurship, industrial transition, and smart specialisation.

In support of REPowerEU’s goals, €6.5 billion in investments will raise the share of renewable energy sources, cut energy consumption and greenhouse gas emissions in public buildings, and replace fossil fuel energy sources with renewables.

The JTF will contribute €1.5 billion, with another €4.1 billion coming from the ERDF and the Cohesion Fund.