Recovery fund: the EU delivers
Recovery fund: the EU delivers
The EU provides financial assistance to support reforms and investments in member states to kick-start the economy and build a more resilient, green and digital Europe.
How does it work?
- EU countries submit their national recovery and resilience plans to the European Commission
- The Commission assesses the plans
- Council gives green light for EU countries to receive recovery fund disbursements
- Signature of grants and loans agreements
- The money can start to be disbursed to EU countries
How much money is made available to EU countries?
Recovery and Resilience Facility (RRF):
Total €672.5 billion:
- €312.5 billion grants
- €360 billion loans
13 July 2021 - Council approves first batch of plans: 12 EU countries can receive EU recovery fund disbursements (Austria, Belgium, Denmark, France, Germany, Greece, Italy, Latvia, Luxembourg, Portugal, Slovakia, Spain)
28 July 2021 - Council approves four more plans: 4 EU countries can receive EU recovery fund disbursements (Croatia, Cyprus, Lithuania, Slovenia)
8 September 2021 - Council approves two more plans: 2 EU countries can receive EU recovery fund disbursements (Czechia, Ireland)
5 October 2021 - Council approves a new plan: 1 EU country can receive EU recovery fund disbursements (Malta)
29 October 2021 - Council approves three more plans: 3 EU countries can receive EU recovery fund disbursements (Estonia, Finland, Romania)
3 May 2022 - Council approves two more plans: 2 EU countries can receive EU recovery fund disbursements (Bulgaria, Sweden)
17 June 2022 - Council approves a new plan: 1 EU country can receive EU recovery fund disbursements (Poland)
4 October 2022 - Council approves a new plan: 1 EU country can receive EU recovery fund disbursements (Netherlands)
16 December 2022 - Council approves a new plan: 1 EU country can receive EU recovery fund disbursements (Hungary)
- Austria: €3.5 billion in grants (0.87% of GDP) - €450 million as pre-financing
- Belgium: €5.9 billion in grants (1.25% of GDP) - €770 million as pre-financing
- Bulgaria: €6.27 billion in grants (10.24% of GDP)
- Croatia: €6.3 billion in grants (11.68% of GDP) - €818 million as pre-financing
- Cyprus: €1 billion in grants, €200 million in loans, total: €1.2 billion (5.61% of GDP) - €157 million as pre-financing
- Czechia: €7.0 billion in grants (3.25% of GDP) - €915 million as pre-financing
- Denmark: €1.5 billion in grants (0.5% of GDP) - €202 million as pre-financing
- Estonia: €970 million (3.45% of GDP) - €126 million as pre-financing
- Finland: €2.1 billion (0.87% of GDP) - €271 million as pre-financing
- France: €39.4 billion in grants (1.62% of GDP) - €5.1 billion as pre-financing
- Germany: €25.6 billion in grants (0.75% of GDP) - €2.3 billion as pre-financing
- Greece: €17.8 billion in grants, €12.7 billion in loans, total: €30.5 billion (16.27% of GDP) - €4 billion as pre-financing
- Hungary: €5.8 billion in grants (3.98% of GDP)
- Ireland: €989 million in grants (0.3% of GDP)
- Italy: €68.9 billion in grants, €122.6 billion in loans, total: €191.5 billion (10.71% of GDP) - €24.9 billion as pre-financing
- Latvia: €1.8 billion in grants (5.99% of GDP) - €237 million as pre-financing
- Lithuania: €2.2 billion in grants (4.59% of GDP) - €289 million as pre-financing
- Luxembourg: €93.4 million in grants (0.15% of GDP) - €12 million as pre-financing
- Malta: €316.4 million in grants (2.3% of GDP) - €41.1 million as pre-financing
- Netherlands: €4.7 billion in grants (0.7% of GDP)
- Poland: €35,4 billion in total (6.6% of GDP), €23.9 billion in grants, €11.5 billion in loans
- Portugal: €13.9 billion in grants, €2.7 billion in loans, total: €16.6 billion (7.82% of GDP) - €2.2 billion as pre-financing
- Romania: €29.2 billion in total (13.1% of GDP), €14.3 billion in grants - €1.9 billion as pre-financing, €14.9 billion in loans - € 1.9 billion as pre-financing
- Slovakia: €6.3 billion in grants (6.72% of GDP) - €823 million as pre-financing
- Slovenia: €1.8 billion in grants, €705 million in loans, total: €2.5 billion (5.17% of GDP) - €231 million as pre-financing
- Spain: €69.5 billion in grants (5.58% of GDP) - €9 billion as pre-financing
- Sweden: €3.29 billion in grants (0.69% of GDP)
Legend:
- Grants = resources which EU countries do not need to repay to the EU
- Loans = resources lent by the EU to a member state at very favourable rates, thanks to the high rating of the Commission’s bonds
- Pre-financing = amounts received as advance on the total amount requested, up to 13 %
- In % of GDP (2019)
Source: European Commission
Last review: 27 January 2024