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Next Generation EU - Recovery and Resilience Mechanism

Recovery and Resilience Mechanism

"A new opportunity to continue progressing as a region""n


To help repair the economic and social damage caused by the coronavirus pandemic, the EU has agreed on a recovery plan that will lead the way out of the crisis and lay the foundations for a modern and more sustainable Europe.

A total of €1,8 trillion will help rebuild a post-COVID-19 Europe that will be greener, more digital and more resilient.

Next Generation EU, is a punctual Emergency instrument of limited duration, used as a response and recovery measure.

The cornerstone of the Next Generation is the Recovery and Resilience Mechanism that brings together 80% of the budget of said fund.

Second tranche of financing Next Generation