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  • Regulation (EU) 2021/241 of the European Parliament and of the Council of 12 February 2021 establishing the Recovery and Resilience Facility (RRF)

Regulation (EU) 2021/241 of the European Parliament and of the Council of 12 February 2021 establishing the Recovery and Resilience Facility (RRF)

Geography
Year
2021
Document Type
Legislative
Part of

Summary

The Recovery and Resilience Facility (RRF), established by Regulation (EU) 2021/241, is the EU’s main instrument under NextGenerationEU to support Member States’ recovery from the COVID-19 crisis. It provides financing for reforms and investments that foster the green transition, digital transformation, sustainable growth, social and territorial cohesion, and resilience to future crises. Member States must submit national Recovery and Resilience Plans (RRPs) aligned with six policy pillars and meeting minimum climate (37 %) and digital (20 %) spending targets. The RRF is financed through grants and loans raised by the EU under NextGenerationEU, with strict monitoring, reporting, and assessment requirements to ensure accountability and alignment with EU strategic objectives.

The RRF Regulation has been amended to address evolving EU priorities. Regulation (EU) 2023/435 introduces dedicated REPowerEU chapters in RRPs, allowing Member States to finance investments and reforms aimed at accelerating the clean-energy transition, reducing fossil-fuel dependency, and enhancing energy resilience. Regulation (EU) 2024/795 further amends the RRF to permit allocation of up to 6 % of a Member State’s RRP to measures supporting strategic technology investments under the Strategic Technologies for Europe Platform (STEP).

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About this law

Year
2021
Most recent update
29/02/2024
Response areas
Mitigation
Sectors
Economy-wide
Topics
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Group
Topics
Target
Policy instrument
Risk
Impacted group
Just transition
Renewable energy
Fossil fuel
Greenhouse gas
Economic sector

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The summary of this document was written by researchers at the Grantham Research Institute . If you want to use this summary, please check terms of use for citation and licensing of third party data.