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Commission disburses over €150 billion to Member States under the Resilience and Recovery Fund

Inicio » EU News » Market » Economy and Finance » Commission disburses over €150 billion to Member States under the Resilience and Recovery Fund

5 de April de 2023

 

The Commission has disbursed more than €150 billion from the Recovery and Resilience Facility (RRF) to Member States, after €6 billion was paid to Spain on 31 May.

This is an important milestone in the implementation of the RRF, the key instrument at the heart of the €800 billion NextGenerationEU recovery plan for Europe. In just over two years of existence, the RRF has been driving transformative reforms and investments across the EU Member States, fast-forwarding the green and digital transitions and increasing the Union’s overall resilience.

As the implementation of the RRF continues at full speed, the Commission has launched an online, interactive map showing projects supported by the RRF and implemented on the ground by Member States. The map will contribute to further increasing transparency on the functioning of the RRF and on its tangible impact for EU citizens, businesses, and civil society.

The Council will include REPowerEU chapters in the Recovery and Resilience Facility

Towards a comprehensive mapping of RRF projects

The map will be regularly updated as new information becomes available. It allows everyone to take a ‘virtual tour’ of the implementation of Member States’ national recovery and resilience plans.

It provides an overview of selected reforms and investments supported by the RRF:

  • It points to their geographical location in Member States and gives information on their state of play, i.e. a short description of the state of advancement in their implementation, as well as of their related next steps.
  • It provides access to more detailed information on the projects on the country pages of the Recovery and Resilience Facility website, and on other online resources, such as national recovery plans websites and, where available, websites on specific RRF-funded projects.

Under the RRF, Member States receive funding upon the successful completion of pre-agreed milestones and targets, which correspond to different stages in the roll-out of reforms and investments. However, the inclusion of a specific reform or investment on the map does not necessarily imply that the Member State has already received RRF funding related to that project (it may be, e.g., that a Member State has already started implementing a project with national funding). The map is also without prejudice to any future assessment by the Commission on the fulfilment of milestones or targets underlying any given project.

Over 350 RRF projects already included on the map

The map will help users explore over 100 reforms that the Member States have implemented or are implementing as part of their recovery and resilience plans, such as the introduction by Spain of a new tax on single-use plastic packaging, the simplification of the licensing procedures to install renewables in Greece or an anticorruption reform in Croatia. The same is true for the over 250 investments currently included in the map, such as the launch of the procurement procedure for the transport system in Riga (Latvia), the introduction of a flat-rate season ticket to facilitate sustainable public transport in Austria, or the completion of the works for neighbourhood regenerations in Slovenia.

The projects featuring on the map were selected based on their achieved state of implementation. The map complements and builds upon information made publicly available by Member States, who are responsible for the implementation and monitoring of their national recovery and resilience plans. The implementation of the RRF is still ongoing, which means that some projects that will receive RRF funding are yet to be defined. The map does not therefore aim at providing an exhaustive overview of RRF-funded projects.

More information

European Commission

Publicaciones relacionadas:

Commission approves second Spanish “umbrella” scheme to support economy in coronavirus outbreak Spring 2020 Economic Forecast: A deep and uneven recession, an uncertain recovery State aid: Commission to further facilitate implementation of aid measures promoting the green and digital transition Default ThumbnailEconomic Forecasts 2022: Constraints on EU Growth Commission approves 10 billion aid scheme for Spain

Economy and Finance,  EU News,  Market comisión,  Economy,  European Commission,  implementation,  Resilience and Recovery Fund

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