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General

EU Recovery and Resilience Facility (GEN – 1168.00)

12 October 2020

2 min read
European Policy
General

EU Recovery and Resilience Facility (GEN – 1168.00)

12 October 2020

2 min read

GEN – 1168.00. In order to receive support from the Recovery and Resilience Facility, Member States must prepare national recovery and resilience plans setting out their reform and investment agendas until 2026, including targets, milestones and estimated costs. At least 37% of the plan’s allocation should support the green transition and at least 20% digital transformation.

Recovery and Resilience Facility

The newly to be set up Recovery and Resilience Facility is the centrepiece of the ‘Next Generation EU’ recovery instrument designed to respond to the COVID-19 crisis and the challenges posed by the green and digital transitions.

With a financial envelope of 672.5bn EUR, the Facility will help Member States address the economic and social impact of the COVID-19 pandemic through ensuring that their economies undertake the green and digital transitions, becoming more sustainable and resilient.

It consists of 312.5bn EUR in grants of which 70% to be committed in 2021 and 2022 and 30% by the end of 2023. In addition, 360bn EUR of loans will be made available to Member States until the end of 2023 to provide additional financing for their reforms and investments. As a rule, the maximum volume of such loans would not exceed 6.8% of the GNI of each Member State.

Member States National Recovery and Resilience Plans to be introduced between 15 October and 30 April 2021

In order to receive support from the Recovery and Resilience Facility, Member States must prepare national recovery and resilience plans setting out their reform and investment agendas until 2026, including targets, milestones and estimated costs.

At least 37% of the plan’s allocation should support the green transition and at least 20% digital transformation. Member States should also ensure that their measures comply with the ‘do no significant harm’ principle of the EU taxonomy Regulation. Member States may submit their draft plans to the Commission from 15 October and are expected to present their plans officially by 30 April at the latest.

Procedure

Following the political agreement reached by the EU Council of Economic and Finance Ministers on 6 October, the Permanent Representatives (= Member States ambassadors to the EU) formally agreed on 9 October the Council’s position. The next step is the negotiation between the European Parliament and the Council. The Parliament’s position is then to be voted on. It is expected that the 54-page proposal with get adopted, including the maximum financial contribution per Member States as defined in Annex 2.

Recommended actions

Eurovent Member Associations and their manufacturers are recommended to closely follow the developments leading towards the national recovery and resilience plans. This is an activity that can only be carried out at national level.

It is expected that these plans may refer to the National Climate and Energy Plans and will strengthen some of the option in them.

Related documents and links

All related documents and articles can be found in the respective sections in the right sidebar.

Additional background information

  • GEN – 1147.00 – Climate neutral building stock – Background and framework
  • GEN – 1162.00 – Review of EU Member States’ Long-Term Renovation Strategies

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