About the programme
The Recovery and Resilience Facility will make €723.8 billion in loans and grants (in current prices) available to support reforms and investments undertaken by EU Member States. The aim is to mitigate the economic and social impact of the coronavirus pandemic and make European economies and societies more sustainable, resilient and better prepared for the challenges and opportunities of the green and digital transitions.
Member States will prepare recovery and resilience plans that set out a coherent package of reforms and public investment projects. To benefit from the support of the facility, these reforms and investments should be implemented by 2026.
Member States' recovery and resilience plans should effectively address challenges identified in the European Semester, particularly the country-specific recommendations adopted by the Council. The plans should also include measures to address the challenges and reap the benefits of the green and digital transitions.
Each plan is expected to contribute to the four dimensions outlined in the 2021 Annual Sustainable Growth Strategy, which launched this year's European Semester cycle:
- environmental sustainability
- macroeconomic stability
Impact and performance
For questions about this programme, please contact: