Recovery and Resilience Facility – factsheet
The Resilience and Recovery Facility (R&RF), launched in July 2020, is designed to inject additional funding into Member States to aid their economic recovery after the COVID-19 pandemic. It supports projects and programmes (sometimes referred to as reforms) which deliver “green and digital transitions,” and contribute to “strengthening the growth potential, resilience and cohesion of the Member State concerned” €310 billion grants and €250 billion loans will be made available, in conjunction with other ‘Next Generation EU’ funds, to Member States. The aim is for governments to outline how they will stimulate and reform their economies to deliver (some) tangible outcomes by 2024. The funds are dispersed depending on the applications made from Member States in their national R&R Facility lists.