No. It's been spun that way but its nothing new.
There has been a programme to help people who want to return home for many many years. For failed asylum seekers, economic migrants etc etc...people who want to leave the UK and can't afford to, they may be homeless, or ill or whatever.
The EU has been added because the UK is no longer in the EU. IT's intended for, for example, a Lithuanian man who came to work but is now living rough due to mental health issues or drugs or bad luck.
It's not about trying to get rid of Europeans as a whole. It's actually one of the better things the UK government does, and most EU countries have similar programmes.