The Recovery and Resilience Facility continues to deliver, Commission third annual report shows

The implementation of the Recovery and Resilience Facility (RRF), at the heart of the EU's recovery instrument NextGenerationEU, is speeding up, fostering continuous reform and investment progress in member states. As of today, the Commission received 69 payment requests from 25 member states and disbursed over €267 billion, i.e. more than 40% of the available RRF funding. By the end of the year, over €300bn in RRF funds are expected to be disbursed.

As shown in the Commission's third Annual Report on the RRF adopted on 10 October, the Commission is supporting Member States in the full and timely delivery of their plans through more streamlined processes, and has further improved both transparency and mechanisms to protect the EU financial interests. In view of the time-bound nature of the RRF, all efforts should remain focused on the full and timely implementation of the plans by 2026. Member States must continue to swiftly implement their RRPs in full, and the Commission is actively supporting them in these efforts.

The Commission is striving for high clarity and transparency in the implementation of the RRF, even beyond legal requirements. The report adopted today includes an in-depth analysis of member states' data on the 100 largest final recipients of funding under the RRF, as well as further guidance on key concepts in the RRF Regulation.

With €650 billion in grants and loans, the RRF is a critical driver of ambitious investments and reforms across Member States, in initiatives that advance the green and digital transition, and strengthen the resilience and competitiveness of the EU.

Since its inception, the RRF has driven over €82bn in investments directly supporting businesses. Over 900 reforms are being delivered to cut red tape and speed up business processes to obtain permits and licenses for example, helping EU industry become more competitive. With RRF support, 34 million megawatts hours in energy consumption have been saved, over 11.8 million people have participated in education and training, and 9.8 million people benefitted from protection measures against climate-related disasters.

This report is the third of a series of annual reports by the Commission, which cover the implementation of the RRF during its entire lifespan, as required by the RRF Regulation. It will feed into the ongoing dialogue on the RRF implementation both among the Union institutions and with stakeholders.

A press release is available online.

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