Support to mitigate Unemployment Risks in an Emergency (SURE)

European Court of Auditors. Special report 28/2022: Support to mitigate Unemployment Risks in an Emergency (SURE) | OJ C 477/06, 15.12.2022

​​The economic impact of the COVID-19 pandemic put millions of jobs at risk. Against this background, the EU put in place a temporary instrument, SURE (Support to mitigate Unemployment Risks in an Emergency). SURE provided up to €100 billion in loans to Member States under favourable terms for new, or the extension of existing, job retention schemes. We conclude that the Commission reacted quickly to the challenge, reflecting the emergency context. While there are indications that SURE funding reached millions of people, the lack of comprehensive Member State data limits the Commission’s ability to assess how many jobs were preserved. We recommend that the Commission should evaluate the experience of SURE to learn lessons for future crises.


OJ C 477/06, 15.12.2022
Tagged as:

You may also be interested

New EU funding for innovative ideas to reduce long-term unemployment and help people find jobs

Today, the Commission launched a call for proposals worth €23 million to help EU Member States develop new ways of tackling long-term unemployment and support people to find their way back into the labour market. This was announced in the recent action plan to tackle labour and skills shortages in the EU. Through this call […]
RAPID, IP/24/2102, 18.04.2024 

Innovative Approaches Tackling LongTerm Unemployment

European Social Fund Plus Social Innovation Plus Initiative. Innovative Approaches Tackling LongTerm Unemployment. Call for Proposals ESF-SI-2024-LTU-01.
Deadline:
30.09.2024
W3 Social innovation Initiative, 18.04.2024
envelopeprinter