The Recovery and Resilience Facility
The European Commission welcomed the political agreement reached on the Recovery and Resilience Facility (RRF) between the European Parliament and the Council on 10th February 2021. This marks an important step towards making €672.5 billion in loans and grants available to Member States to support reforms and investments.
The Recovery and Resilience Facility is the key instrument at the heart of NextGenerationEU to help the EU emerge stronger and more resilient from the current crisis. The Facility is also closely aligned with the Commission’s priorities ensuring in the long-term a sustainable and inclusive recovery that promotes the green and digital transitions.
For the purpose of preparing and presenting national recovery and resilience plans, the Commission has provided Member States with updated guidelines for the preparation and presentation of recovery and resilience plans.
The mechanism will help EU to achieve its goal of climate neutrality by 2050 and ensure the digital transition, while creating jobs and boosting growth.
The scope of the RRF is structured around six pillars, all aimed at supporting the economic recovery, creating jobs and laying the foundations for a stronger, more resilient Europe:
»Across Europe, we can see vaccination campaigns accelerating. In parallel, it is now all the more important to launch NextGenerationEU. Economic recovery must go hand in hand with an improved health situation on the ground.«
(Predsednica Ursula von der Leyen)