HERA operations require a significant and sustainable budget. Investing in prevention and preparedness now will result in a significantly lower human and economic cost later and will have a large return on investment – not only for the economy, but also for society and the health of European citizens.
As explained in the September 2021 Communication introducing HERA, the DG will benefit from a multisources important budget amounting at €30 billion coming from different finacial instruments such as: NextGenerationEU, EU4Health, Horizon Europe, The Union Civil Protection Mechanism, the European Defence Fund, the Recovery and Resilience Facility, REACT-EU and the Neighbourhood, Development and International Cooperation Instrument; to which may be added the support from the Cohesion Funds.
HERA should also benefit from the mobilisation of private funding (in the form of loans, guarantees, equity or quasi-equity), supported by budgetary guarantees under InvestEU and possibly the European Fund for Sustainable Development for external actions, in cooperation with the European Investment Bank Group and other financial actors.
HERA operations will also rely on national budgets allocated to activities aimed at supporting national plans for preparedness and response to health threats. Multi-country projects, such as the planned IPCEI Health, will also contribute to the mission of HERA.
In the event of a public health emergency at Union level, in order to ensure the necessary flexibility and rapidity in implementation, the Council could also trigger financing through the Emergency Support Instrument (ESI).