Recovery and Resilience Facility

18 Jun: Recovery and Resilience Facility: Estonia submits official recovery and resilience plan

(Source: European Commission)

The Commission has today received an official recovery and resilience plan from Estonia. This plan sets out the reforms and public investment projects that Estonia plans to implement with the support of the Recovery and Resilience Facility (RRF).

The RRF is the key instrument at the heart of NextGenerationEU, the EU’s plan for emerging stronger from the COVID-19 pandemic. It will provide up to €672.5 billion to support investments and reforms (in 2018 prices). This breaks down into grants worth a total of €312.5 billion and €360 billion in loans. The RRF will play a crucial role …

17 Jun: Reassurance needed to accompany Recovery and Resilience

Editor’s Blog: Produced in collaboration with the EU Buzz team 

Europe’s current buzz words are “recovery” and “resilience” – two words now synonymous with the pandemic. The European Commission has developed a Recovery and Resilience Facility (RRF) for its 27 Member States and has called on them to prepare their submission for financing – funding which will directly support their exit from the health crisis. 

The Facility is a substantial amount – €672.5 billion – to support investments and reforms – €312.5 billion in grants and €360 billion in loans. The financial allocations to Member States are complex but mainly …

16 Jun: NextGenerationEU: Questions and answers on the Recovery and Resilience Facility

(Source: European Commission)

What are recovery and resilience plans?

Member States prepare recovery and resilience plans that set out a coherent package of reforms and investment initiatives to be implemented up to 2026 and supported by the Recovery and Resilience Facility (RRF).

As a rule, Member States were invited to notify their plans before 30 April but can do so at any point in time until mid-2022. 30 April was an orientation date, not a deadline.

These plans are assessed by the Commission and approved by the Council.

How is the Commission assessing recovery and resilience plans?

The Regulation ensures …

09 Jun: The European Semester springs into action without citizens.

Editor’s Blog: Produced in collaboration with the EU Buzz team 

The European Semester provides a framework for the coordination of economic policies across the European Union. It allows EU countries to discuss their economic and budget plans and monitor progress at specific times throughout the year. The Semester is yet another example of Europe’s top down approach as there is little involvement or consultation with European civil society. 

As a result of the pandemic, the 2021 European Semester timeframe is being temporarily adapted to coordinate it with the Recovery and Resilience Facility. This Facility will make €672.5 billion in loans …

01 Jun: Recovery and Resilience Facility: Romania submits official recovery and resilience plan

(Source: European Commission)

The Commission has today received an official recovery and resilience plan from Romania. This plan sets out the reforms and public investment projects that Romania plans to implement with the support of the Recovery and Resilience Facility (RRF).

The RRF is the key instrument at the heart of NextGenerationEU, the EU’s plan for emerging stronger from the COVID-19 pandemic. It will provide up to €672.5 billion to support investments and reforms (in 2018 prices). This breaks down into grants worth a total of €312.5 billion and €360 billion in loans. The RRF will play a crucial role …

20 May: Parliament demands democratic scrutiny over national recovery efforts

(Source: European Parliament)

Summary of reforms and investments from national plans neededAssessing the effective and proper spending of the fundsOversight would improve the Recovery and Resilience Dialogue

MEPs want to receive all relevant information on national recovery efforts, ensuring democratic oversight of the implementation of the Recovery and Resilience Facility (RRF).

In a resolution adopted on Thursday with 602 votes in favour, 35 against and 56 abstentions, MEPs restated that, in line with the contents of the RRF Regulation, the European Parliament is entitled to receive relevant information on the state of play on the implementation of national recovery and …

17 May: Guide on EU funding for tourism

(Source: EU Commission)

To help you to find the EU funding you need for your business among all EU programmes, the European Commission launches today the Guide on EU funding for tourism.

This new edition is digital only and available now at the following link:

https://ec.europa.eu/growth/sectors/tourism/funding-guide_en

This online guide highlights the wide range of funding programmes financed by the new budget, Multiannual Financial Framework 2021-2027, and Next Generation EU. With these resources and this guide, we’re supporting the move towards a more digital, sustainable and inclusive EU.

The guide will help you find appropriate funding. It contains links to relevant …

03 May: Recovery and Resilience Facility: Poland submits official recovery and resilience plan

Source: EU Commission

The Commission has received an official recovery and resilience plan from Poland. This plan sets out the reforms and public investment projects that Poland plans to implement with the support of the Recovery and Resilience Facility (RRF).

The RRF is the key instrument at the heart of NextGenerationEU, the EU’s plan for emerging stronger from the COVID-19 pandemic. It will provide up to €672.5 billion to support investments and reforms (in 2018 prices). This breaks down into grants worth a total of €312.5 billion and €360 billion in loans. The RRF will play a crucial role in …