NextGenerationEU is the recovery instrument embedded in the EU logng-term 2021-2027 budget. It forms the largest stimulus package ever financed through the EU budget and supports the main EU policies and priorities aiming to reinforce the pandemic recovery and to emerge stronger from it. To fund NextGenerationEU, the EU borrows funds on the capital markets.
Objectives
- To repair the immediate economic and social damage caused by the coronavirus pandemic and make the EU fit for the future
- To build a post-COVID-19 EU that is greener, more digital, more resilient and better fit for the current and forthcoming challenges
Priorities
- Research and innovation, via Horizon Europe
- Fair climate and digital transitions, via the Just Transition Fund and the Digital Europe programme
- Preparedness, recovery and resilience, via the Recovery and Resilience Facility, the EU’s Civil Protection Mechanism (rescEU), and the health programme, EU4Health
Structure
- Recovery and Resilience Facility:
- NextGeneration EU contribution to other programmes:
- REACT-EU
- Just Transition Fund
- Rural development
- InvestEU
- Horizon Europe
- RescEU
Financed actions
- Measures to restore employment and job creation and restore health care systems
- Reforms and investments to reinvigorate the potential for growth, to strengthen cohesion among Member States and to increase their resilience
- Support measures for businesses affected by the economic impact of the pandemic, in particular such measures benefitting small and medium-sized enterprises, including direct financial investment in those enterprises
- Support measures for economically viable businesses that have seen their solvency constrained due to the impact of the COVID-19 pandemic, including direct financial investment in those businesses
- Measures to strengthen strategic autonomy of the Union in vital supply chains, including direct financial investment in businesses
- Support measures for research and innovation in response to the COVID-19 pandemic
- Support measures for increasing the level of Union’s crisis preparedness and for enabling a quick and effective Union response in the event of major emergencies; this includes improving the strategic resilience of the Union health care systems to enable a quick and effective Union level response in the event of a new cross-border health crisis
- Measures include stockpiling of essential supplies and medical equipment and acquiring the necessary infrastructures for maintaining appropriate levels of crisis relevant medical goods and medicines
- Support measures to ensure that a just transition to a climate-neutral economy will not be undermined by the COVID-19 pandemic
- Support measures to address the impact of the COVID-19 pandemic on agriculture and rural development
