France's National Recovery and Resilience Plan: Latest state of play

Briefing 18-03-2024

France's National Recovery and Resilience Plan (NRRP) is a subpart of 'France Relance', a larger recovery strategy France adopted in 2020 at national level, worth €100 billion in total (4.1 % of France's gross domestic product (GDP) in 2019). The NRRP had an initial value of €40.9 billion (total costs), while the plan as amended in 2023 is worth €41.9 billion. Under the Recovery and Resilience Facility (RRF), at the core of the Next Generation EU (NGEU) instrument, France's RRF grant allocation decreased from €39.4 billion to €37.4 billion, following the June 2022 update. In April 2023, France submitted a request to amend its NRRP – partly in order to take into account the decrease in the EU's financial contribution, but also to add a new REPowerEU chapter, which comes with an additional grant allocation of €2.3 billion. France also requested to transfer a portion of its share of the Brexit Adjustment Reserve to its plan (€504 million). With these funds, the overall EU financial contribution to the French amended plan amounts to €40.2 billion in grants, with the rest to be covered by national means. France has not requested loans. The RRF resources allocated to France represent 5.3 % of the entire RRF resources for the EU, and 1.6 % of the country's GDP in 2019 (the RRF representing 5.2 % of EU-27 GDP in 2019). Measures under the plan are to be completed by 2026. So far, France has received €23.4 billion. The next payments will depend on progress in implementing the plan. The European Parliament, which was a major advocate of the creation of a common EU recovery instrument, participates in interinstitutional forums for cooperation and discussion on its implementation and scrutinises the European Commission's work. This briefing is one in a series covering all EU Member States. Fourth edition. The 'NGEU delivery' briefings are updated at key stages throughout the lifecycle of the plans.