Recovery and Resilience Facility: Key features and developments

06-10-2020

The Recovery and Resilience Facility is intended to be the Union's main tool in support of economic and social recovery from the consequences of the coronavirus pandemic. It will provide €672.5 billion in grants and loans as financial support over the coming years. The aim of the Facility is to promote economic, social and territorial cohesion and secure lasting recovery. In its 2021 annual sustainable growth strategy, the Commission set out strategic guidance for implementation of the Facility. Currently, the European Parliament, the Council and the Commission are committed to completing the Facility's design phase and ensuring its prompt entry into force.

The Recovery and Resilience Facility is intended to be the Union's main tool in support of economic and social recovery from the consequences of the coronavirus pandemic. It will provide €672.5 billion in grants and loans as financial support over the coming years. The aim of the Facility is to promote economic, social and territorial cohesion and secure lasting recovery. In its 2021 annual sustainable growth strategy, the Commission set out strategic guidance for implementation of the Facility. Currently, the European Parliament, the Council and the Commission are committed to completing the Facility's design phase and ensuring its prompt entry into force.