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The Commission has received official recovery and resilience plans from Belgium, Italy, Austria and Slovenia. These plans define the reforms and public investment projects that each Member State plans to implement with the support of the Recovery and Resilience Mechanism (FRR).
The RRF is the key instrument at the heart of NextGenerationEU, the EU’s plan to emerge stronger from the COVID-19 pandemic. It will provide up to € 672.5 billion to support investments and reforms (at 2018 prices). This breaks down into grants totaling 312.5 billion euros and 360 billion euros in loans. The FRR will play a crucial role in helping Europe to emerge stronger from the crisis and in ensuring green and digital transitions.
The presentation of these plans follows an intensive dialogue between the Commission and the national authorities of these Member States in recent months.
Belgium’s recovery and resilience plan
In the plan it presented, Belgium requested a total of 5.9 billion euros in grants under the FRR.
The Belgian plan is structured around six pillars: climate, sustainability and innovation; digital transformation; mobility; social and inclusive; economy of the future and productivity; and public finances. The projects of the plan cover the entire life of the FRR until 2026. The plan proposes projects in the seven key European areas.
Italy’s recovery and resilience plan
In the plan it presented, Italy requested total support of € 191.5 billion under the FRR, including € 68.9 billion in grants and € 122.6 billion in loans. .
The Italian plan is structured around six areas: digitization, innovation, competitiveness and culture; green revolution and ecological transition; infrastructure for sustainable mobility; education and research; cohesion and inclusion; health. The projects of the plan cover the entire life of the FRR until 2026. The plan proposes projects in the seven key European areas.
Austria’s recovery and resilience plan
Austria’s recovery and resilience plan includes measures totaling 4.5 billion euros.
The Austrian plan is structured around four political priorities. These include reform and investment measures linked to: green valuation, covering renovation, mobility, biodiversity, circular economy and climate neutrality; digital recovery, covering broadband, schools, public service and businesses; knowledge-based recovery, including research, development and retraining, education and strategic innovation; and equitable recovery, encompassing health care, resilient communities, art and culture, and reform. The projects of the plan cover the entire life of the FRR until 2026. The plan proposes projects in the seven key European areas.
Slovenia’s Recovery and Resilience Plan
In the plan it presented, Slovenia requested total support of € 2.5 billion under the FRR, comprising € 1.8 billion in grants and € 700 million in loans.
The Slovenian plan is structured around four priority pillars: green transition; digital transformation; smart, sustainable and inclusive growth; health and well-being, including investments and reforms in long-term care and social housing. The projects of the plan cover the entire life of the FRR until 2026. The plan proposes projects in the seven key European areas.
The Commission will assess the plans in the next two months on the basis of the eleven criteria set out in the regulation and translate their content into legally binding acts. This assessment will include, in particular, an examination of whether the plans are contributing to effectively addressing all or a significant subset of the challenges identified in the country-specific recommendations issued as part of the European Semester. The Commission will also assess whether plans devote at least 37% of spending to investments and reforms that support climate goals and 20% to digital transition.
The Council will generally have four weeks to adopt the Commission’s proposal for a Council implementing decision.
The approval of the plans by the Council would pave the way for the disbursement of a pre-financing of 13% to these Member States. This is subject to the entry into force of the own resources decision, which must first be approved by all Member States.
The Commission has now received a total of 13 recovery and resilience plans, from Belgium, Denmark, Germany, Greece, Spain, France, Italy, Latvia, Luxembourg, Austria, Portugal, Slovenia and Slovakia. It will continue to work actively with other Member States to help them implement high quality plans.