What is the Recovery and Resilience Facility?

In July 2020, the European Council adopted a historic €750 billion recovery package, NextGenerationEU, as a shared response to the severe health and economic crisis caused by COVID-19. NextGenerationEU is an ambitious and common recovery package which will complement and support each country’s own national response to the crisis.

The Recovery and Resilience Facility (RRF) is the key instrument at the heart of the NextGenerationEU initiative, which seeks to make the EU stronger and more resilient. The aim is to mitigate the economic and social impact of the coronavirus pandemic and make European economies and societies more sustainable, resilient and better prepared for the challenges and opportunities of the green and digital transitions.

The RRF has made loans and grants available to support reforms and public investment projects undertaken by member states. Ireland has been allocated €914 million in grants for its National Recovery and Resilience Plan (NRRP).

Ireland’s Recovery and Resilience Plan is now well underway and has a suite of investment and reform projects, comprising of 16 investment projects and 9 reform commitments. Read more about the NRRP Projects here [link to summary doc].

Ireland’s Recovery and Resilience Plan

The projects in Ireland’s NRRP cover the following priority areas:

  • Advancing the Green Transition
  • Accelerating and Expanding Digital Reforms and Transformation
  • Social and Economic Recovery and Job Creation

For more information on the individual projects selected: Download Ireland’s National Recovery and Resilience Plan 2021

REPowerEU

REPowerEU is the EU plan to reduce dependence on Russian fossil fuels and accelerate the green transition. Ireland’s REPowerEU programme has a current value of €240million.

To access this funding, Member States, including Ireland, are required to amend their NRRP and add a specific chapter to outline the key investments and reforms to help achieve the REPowerEU objectives.

Ireland’s REPowerEU programme is currently being finalised following informal engagement with the European Commission and will go to Government shortly.

Beneficiaries

In accordance with the Regulation (EU) 2021/241 on the establishment of the Recovery and Resilience Mechanism, as amended by the Regulation (EU) 2023/435 2021/241), each Member State is obliged to publish its 100 largest final recipients of RRF funding. The publication of this list provides for increased transparency regarding the use of the Facility’s funds. In line with Article 25(a) of Regulation (EU) 2023/435, Member States are required to report twice a year and publish data on the 100 final recipients receiving the highest amount of funding for the implementation of measures under their national Recovery and Resilience Plan (RRP). This data includes a unique identification code at national level (e.g. tax registration number), the amount of funds received (cumulatively), as well as the related action or actions funded by the RRF.

In accordance with the European Commission’s guidelines, the final recipient is considered to be the last entity receiving funds under the RRF that is not a contractor or a sub-contractor, for example, these could be citizens, local authorities, or SMEs. A final recipient can either be a natural or a legal person.

Excluded from the above disclosure obligations are the information referred to in Article 38 (3) of Financial Regulation (EU) 2018/1046 while, additionally, when personal data is published, the relevant information will be deleted after two years from the end of the financial year in which the funding was paid to the final recipient.

This information is collected for all Member States and is published centrally by the European Commission(click here to go to the European Commission’s page where the data for all member states is gathered in the paragraph ” 100 largest final recipients per country “ ).

Download the Top 100 recipients for Ireland in excel Format (Published on 19/12/2023)