Why is it relevant to tourism?
The Just Transition Fund aims to reduce the social and economic costs resulting from the transition to an EU climate-neutral economy by supporting a diversification of economic activity, creating new business opportunities and helping people adapt in a changing labour market. To tourism SMEs, the fund can provide investments in fixed capital or immaterial assets.
The scope of support includes, inter alia
- investments in microenterprises
- sustainable tourism, sustainable transport
- digital innovation
- training workers and jobseekers
All investments contribute to the achievement of the objectives detailed in the Territorial Just Transition Plans (TJTPs). In addition, the supported activities focus on internal economic growth in key sectors in relation to the affected smart specialisation strategies.
The Just Transition Fund (JTF) is part of a broader Just Transition Mechanism, which also includes a scheme under InvestEU and a public sector loan facility. The JTF finances projects in territories heavily impacted by the transition towards a climate-neutral economy due to the closure or phasing out of mining activities or GHG intensive industries and which need, in turn, to diversify the local economy.
The activities supported by JTF include
- investments in firms
- research and innovation
- clean energy technologies
- greenhouse gas emission reduction
- regeneration of sites
- circular economy
- upskilling and reskilling workers
- assistance to job seekers
- technical assistance
The allocation method ensures that while all EU countries can access funding, resources go to regions facing the biggest challenges. EU countries are thus preparing their Territorial Just Transition Plans (TJTPs) identifying eligible territories expected to be the most negatively impacted by the green transition. These TJTPs are annexed to the programmes entailing JTF support and adopted together.
The Just Transition Fund is co-managed and accessible through the competent authorities in charge of the programmes.
The Commission has set up a Just Transition platform to assist EU countries and regions in finding support available through the Just Transition Mechanism.
Not yet available
Not yet available