The EU’s Recovery and Resilience Facility lies at the heart of the Union’s response to the COVID-19 pandemic. The aim of the Facility is to mitigate the economic and social impact of the 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 Recovery and Resilience Facility is the key element of the €750bn Next Generation EU/ Recovery Plan Package agreed by the European Council in July 2020. The Recovery and Resilience Facility accounts for €672.6bn of the total Next Generation EU, made up of €360bn in loans and €312.5bn in grant (2018 prices).
Ireland is expected to receive €853 million in grants under the Facility in 2021 and 2022. A further set of grants is to be allocated in 2023, taking into account economic developments between now and then.
In order to access this funding, Ireland must develop a National Recovery and Resilience Plan for approval by the European Union. The Plan must set out the reforms and investments to be supported by the Facility and must be submitted to the European Commission no later than 30 April 2021.
The Department of the Taoiseach today launched a public consultation to inform Ireland’s National Recovery and Resilience Plan.
If you would like to submit a response to the consultation please email email@example.com. When responding, please indicate if you are a business, business professional, adviser, representative body, or member of the public.
This written consultation will run until 17.00, Monday 22 February 2021.
Further information can be found in the Public Consultation Document on Ireland’s National Recovery and Resilience.