EU
Recovery and Resilience Facility: Finland submits official recovery and resilience plan
The Commission has received an official recovery and resilience plan from Finland. This plan sets out the reforms and public investment projects that Finland plans to implement with the support of the Recovery and Resilience Facility (RRF). The RRF is the key instrument at the heart of NextGenerationEU, the EU's plan for emerging stronger from the COVID-19 pandemic. It will provide up to €672.5 billion to support investments and reforms (in 2018 prices). This breaks down into grants worth a total of €312.5bn and €360bn in loans. The RRF will play a crucial role in helping Europe emerge stronger from the crisis, and securing the green and digital transitions.
The presentation of this plan follows an intensive dialogue between the Commission and the Finnish authorities over the past number of months. The Commission will assess the plan within the next two months based on the eleven criteria set out in the Regulation and translate their contents into legally binding acts. The Commission has now received a total of 19 recovery and resilience plans, from Belgium, Denmark, Germany, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Austria, Poland, Portugal, Slovenia, Slovakia, and Finland. It will continue to engage intensively with the remaining Member States to help them deliver high quality plans. A press release and a Q&A are available online.
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