Ensuring the EU is prepared for future challenges and opportunities
The centrepiece of NextGenerationEU is the Recovery and Resilience Facility (RRF) - an instrument that provides grants and loans to support reforms and investments in the EU Member States.
Objectives and benefits
Part of a wide-ranging response, the Recovery and Resilience Facility helps
- mitigate the pandemic’s economic and social impact
- make sure Member States are more resilient, more sustainable and better prepared for the challenges and opportunities of the green and digital transitions
- achieve the EU target of climate neutrality by 2050
- set Europe on a path of digital transition
- create jobs and spur growth.
The Facility provides funds for Member States to invest (2022 prices)
How it works
Through the Facility, a temporary instrument, the Commission can raise funds - borrowing on the capital markets - to help Member States implement reforms and investments that
- are in line with the EU’s priorities
- address the challenges identified in country-specific recommendations under the European Semester framework of economic and social policy coordination.
The Facility entered into force in February 2021. It finances Member States’ reforms and investments, from the start of the pandemic in February 2020 through to the end of December 2026. Member States submit their recovery and resilience plans to the European Commission, setting out their planned reforms and investments to be implemented by end-2026, in order to receive financing up to the agreed allocation.
View each Member State's national plans, planned reforms and investments