The New €750 billion EU Recovery Instrument

    View Author December 2020

    In May 2020, the European Commission (EC) presented a major Recovery Plan for Europe through the NextGenerationEU (NGEU), a recovery instrument that would raise funds to support financing in the EU 27 member states (MS).

    In this client alert, we provide an overview of the new EU Recovery and Resilience Facility (RRF), the main feature of NGEU.

    The RRF will support medium- to longer-term reforms and investments, notably in green and digital technologies (“ twin transition” ) with a sustainable and lasting impact on the productivity and economic and social resilience of the applicant MS. If you have any questions about the impact or opportunities related to the RRF for your organisation, please do not hesitate to reach out to us.