NextGenerationEU is more than a recovery plan, it is a once in a lifetime chance to emerge stronger from the pandemic, transform our economies and societies and design a Europe that works for everyone - with a €806.9bn investment fund (in current prices - amounts to €750 billion in 2018 prices).
NextGenerationEU is Europe’s shared response to the severe health and economic crisis caused by COVID-19.
It is an ambitious and common recovery package which will complement and support Ireland's own national response to the crisis - the National Recovery and Resilience Plan (NRRP).
The NRRP aims to contribute to a sustainable, equitable, green, and digital recovery effort in a manner that complements and supports the Government’s broader recovery efforts.
The Plan has three priorities - Advancing the Green Transition, Advancing and Expanding Digital Reforms and Transformation, and Social and Economic Recovery and Job Creation
Ireland’s will do this through 16 investments and nine reform commitments to a total value of just under €1bn, to be supported both by grants from the Recovery & Resilience Facility and national funds. Click here for more information on the Resilience & Recovery Plan for Ireland.
Check out the EU's Recovery & Resilience Scoreboard