Next Generation EU: Pandemic Recovery Plan to build a greener, more innovative, stronger Europe
Historically, pandemics have forced us to break with our past and reimagine our society. COVID is no different.
We believe it will allow us to reimagine an entire continent. The Next Generation EU fund ambition is to support the European recovery strategy beyond individual countries and companies to become a genuine force for lasting Europe-wide change.
We want to help to make this happen.
By drawing on our globally connected multi-disciplinary expertise and knowledge, we can help lay the foundations needed to move forward while supporting companies and Public Administrations in accessing European union funds and enabling their transformation through a strategic business recovery plan, thus creating the Europe of the future. One that is more resilient, sustainable, digital friendly and inclusive, that can withstand future threats, like climate change.
Working with businesses and institutions across several different areas, such as digital transformation, green transition and sustainability, education and workforce transformation, infrastructure and mobility, health transformation, EU grants, incentives, and EU business funding.
Welcome to our vision for Europe – one that is greener, smarter and stronger than ever before.
Next Generation EU funding and the future of Europe:
A unique opportunity for growth
Next Generation EU at a glance
NGEU has one of the most extensive Next Generation EU fund stimulus packages ever financed for a greener, more digital, more resilient Europe supporting the Recovery plan for Europe.
The Multiannual Financial Framework (2021-2027) and the NGEU total €1.8 trillion (in 2018 prices), the most significant stimulus package ever financed by the EU. Within this, the Next Generation EU fund is a package of European Union funds, with an investment pot totalling €750 billion (in 2018 prices).
This unprecedented European recovery fund will support the post-pandemic economic and social revamp and trigger a greener transition that's more digital and better prepared for challenges now and in the future.
"More than 8 out of 10 EU citizens consider NGEU as strategically necessary for supporting the revamp of their country and the EU."
The Recovery and Resilience Facility (RRF), established through EU regulation 2021/241, is the centrepiece of the NGEU. The €672.5 billion (in 2018 prices) in loans and grants will support the recovery plan for Europe through post-pandemic reforms and investments across the EU while enabling a digital and environmental transition in a cohesive society throughout Europe. To access the RRF funds, Member States must submit their Recovery and Resilience Plan to the European Commission, which will check the alignment with EU priorities and the country’s specific recommendations. The Member States must allocate a minimum of 37% to climate investments and reforms and a minimum of 20% to digital transition.
Click on a country to understand the fund distribution.
All data reported in the figure are in 2018 prices.
Source: European Commission
| NRRP approval status | Total funding (€ bn) | Green investment allocation | Digital investment allocation | |
|---|---|---|---|---|
|
Belgium
|
Endorsed | 5.9 | 50% | 27% |
|
Bulgaria
|
Under revision | 6.6 | 37% | 20% |
|
Czechia
|
Endorsed | 7 | 42% | 22% |
|
Denmark
|
Endorsed | 1.5 | 59% | 25% |
|
Germany
|
Endorsed | 25.6 | 42% | 52% |
|
Estonia
|
Endorsed | 0.97 | 42% | 22% |
|
Ireland
|
Endorsed | 1 | 42% | 32% |
|
Greece
|
Endorsed | 30.5 | 38% | 23% |
|
Spain
|
Endorsed | 69.5 | 40% | 28% |
|
France
|
Endorsed | 39.4 | 46% | 21% |
|
Croatia
|
Endorsed | 6.3 | 40% | 20% |
|
Italy
|
Endorsed | 191.5 | 37% | 25% |
|
Cyprus
|
Endorsed | 1.2 | 41% | 23% |
|
Latvia
|
Endorsed | 1.8 | 38% | 21% |
|
Lithuania
|
Endorsed | 2.2 | 38% | 32% |
|
Luxembourg
|
Endorsed | 0.1 | 61% | 32% |
|
Hungary
|
Under revision | 7.2 | - | - |
|
Malta
|
Endorsed | 0.3 | - | - |
|
Netherlands
|
Not submitted | - | - | - |
|
Austria
|
Endorsed | 3.5 | 59% | 53% |
|
Poland
|
Under revision | 36 | - | - |
|
Portugal
|
Endorsed | 16.6 | 38% | 22% |
|
Romania
|
Endorsed | 29.1 | 41% | 21% |
|
Slovenia
|
Endorsed | 2.5 | 42% | 21% |
|
Slovakia
|
Endorsed | 6.6 | 43% | 21% |
|
Finland
|
Endorsed | 2.1 | - | - |
|
Sweden
|
Under revision | 3.2 | - | - |
Belgium
National Recovery and Resilience Plan approval status:
Endorsed
| Total funding (€ bn) | 5.9 |
|---|---|
| Grants | 5.9 |
| Loans | - |
| Investment allocation | |
| Green | 50% |
| Digital | 27% |
Bulgaria
National Recovery and Resilience Plan approval status:
Under revision
| Total funding (€ bn) | 6.6 |
|---|---|
| Grants | 6.6 |
| Loans | - |
| Investment allocation | |
| Green | - |
| Digital | - |
Czechia
National Recovery and Resilience Plan approval status:
Endorsed
| Total funding (€ bn) | 7 |
|---|---|
| Grants | 7 |
| Loans | - |
| Investment allocation | |
| Green | 42% |
| Digital | 22% |
Denmark
National Recovery and Resilience Plan approval status:
Endorsed
| Total funding (€ bn) | 1.5 |
|---|---|
| Grants | 1.5 |
| Loans | - |
| Investment allocation | |
| Green | 59% |
| Digital | 25% |
Germany
National Recovery and Resilience Plan approval status:
Endorsed
| Total funding (€ bn) | 25.6 |
|---|---|
| Grants | 25.6 |
| Loans | - |
| Investment allocation | |
| Green | 42% |
| Digital | 52% |
Estonia
National Recovery and Resilience Plan approval status:
Endorsed
| Total funding (€ bn) | 0.97 |
|---|---|
| Grants | 0.97 |
| Loans | - |
| Investment allocation | |
| Green | 42% |
| Digital | 22% |
Ireland
National Recovery and Resilience Plan approval status:
Endorsed
| Total funding (€ bn) | 1 |
|---|---|
| Grants | 1 |
| Loans | - |
| Investment allocation | |
| Green | 42% |
| Digital | 32% |
Greece
National Recovery and Resilience Plan approval status:
Endorsed
| Total funding (€ bn) | 30.5 |
|---|---|
| Grants | 17.8 |
| Loans | 12.7 |
| Investment allocation | |
| Green | 38% |
| Digital | 23% |
Spain
National Recovery and Resilience Plan approval status:
Endorsed
| Total funding (€ bn) | 69.5 |
|---|---|
| Grants | 69.5 |
| Loans | - |
| Investment allocation | |
| Green | 40% |
| Digital | 28% |
France
National Recovery and Resilience Plan approval status:
Endorsed
| Total funding (€ bn) | 39.4 |
|---|---|
| Grants | 39.4 |
| Loans | - |
| Investment allocation | |
| Green | 46% |
| Digital | 21% |
Croatia
National Recovery and Resilience Plan approval status:
Endorsed
| Total funding (€ bn) | 6.3 |
|---|---|
| Grants | 6.3 |
| Loans | - |
| Investment allocation | |
| Green | 40% |
| Digital | 20% |
Italy
National Recovery and Resilience Plan approval status:
Endorsed
| Total funding (€ bn) | 191.5 |
|---|---|
| Grants | 68.9 |
| Loans | 122.6 |
| Investment allocation | |
| Green | 37% |
| Digital | 25% |
Cyprus
National Recovery and Resilience Plan approval status:
Endorsed
| Total funding (€ bn) | 1.2 |
|---|---|
| Grants | 1 |
| Loans | 0.2 |
| Investment allocation | |
| Green | 41% |
| Digital | 23% |
Latvia
National Recovery and Resilience Plan approval status:
Endorsed
| Total funding (€ bn) | 1.8 |
|---|---|
| Grants | 1.8 |
| Loans | - |
| Investment allocation | |
| Green | 38% |
| Digital | 21% |
Lithuania
National Recovery and Resilience Plan approval status:
Endorsed
| Total funding (€ bn) | 2.2 |
|---|---|
| Grants | 2.2 |
| Loans | - |
| Investment allocation | |
| Green | 38% |
| Digital | 32% |
Luxembourg
National Recovery and Resilience Plan approval status:
Endorsed
| Total funding (€ bn) | 0.1 |
|---|---|
| Grants | 0.1 |
| Loans | - |
| Investment allocation | |
| Green | 61% |
| Digital | 32% |
Hungary
National Recovery and Resilience Plan approval status:
Under revision
| Total funding (€ bn) | 7.2 |
|---|---|
| Grants | 7.2 |
| Loans | - |
| Investment allocation | |
| Green | - |
| Digital | - |
Malta
National Recovery and Resilience Plan approval status:
Endorsed
| Total funding (€ bn) | 0.3 |
|---|---|
| Grants | 0.3 |
| Loans | - |
| Investment allocation | |
| Green | 54% |
| Digital | 26% |
Netherlands
National Recovery and Resilience Plan approval status:
Not submitted
| Total funding (€ bn) | - |
|---|---|
| Grants | - |
| Loans | - |
| Investment allocation | |
| Green | - |
| Digital | - |
Austria
National Recovery and Resilience Plan approval status:
Endorsed
| Total funding (€ bn) | 3.5 |
|---|---|
| Grants | 3.5 |
| Loans | - |
| Investment allocation | |
| Green | 59% |
| Digital | 53% |
Poland
National Recovery and Resilience Plan approval status:
Under revision
| Total funding (€ bn) | 36 |
|---|---|
| Grants | 23.9 |
| Loans | 2.7 |
| Investment allocation | |
| Green | - |
| Digital | - |
Portugal
National Recovery and Resilience Plan approval status:
Endorsed
| Total funding (€ bn) | 16.6 |
|---|---|
| Grants | 13.9 |
| Loans | 2.7 |
| Investment allocation | |
| Green | 38% |
| Digital | 22% |
Romania
National Recovery and Resilience Plan approval status:
Endorsed
| Total funding (€ bn) | 29.1 |
|---|---|
| Grants | 14.2 |
| Loans | 14.9 |
| Investment allocation | |
| Green | 41% |
| Digital | 21% |
Slovenia
National Recovery and Resilience Plan approval status:
Endorsed
| Total funding (€ bn) | 2.5 |
|---|---|
| Grants | 1.8 |
| Loans | 0.7 |
| Investment allocation | |
| Green | 42% |
| Digital | 21% |
Slovakia
National Recovery and Resilience Plan approval status:
Endorsed
| Total funding (€ bn) | 6.6 |
|---|---|
| Grants | 6.6 |
| Loans | - |
| Investment allocation | |
| Green | 43% |
| Digital | 21% |
Finland
National Recovery and Resilience Plan approval status:
Endorsed
| Total funding (€ bn) | 2.1 |
|---|---|
| Grants | 2.1 |
| Loans | - |
| Investment allocation | |
| Green | 50% |
| Digital | 27% |
Sweden
National Recovery and Resilience Plan approval status:
Under revision
| Total funding (€ bn) | 3.2 |
|---|---|
| Grants | 3.2 |
| Loans | - |
| Investments allocation | |
| Green | - |
| Digital | - |
Three Pillars for Europe’s future
The Next Generation EU stimulus package will help enable collaboration and joint commitment within the member states by providing the necessary EU business funding. This will revitalize their economies and lay the foundations for a more digital-friendly, greener, and inclusive Europe that will help them face future challenges with a greater sense of unity.
A significant portion of the Next Generation EU funding will be allocated to sustain a digitally focused growth strategy. It can increase its equitability by introducing innovations that enhance citizens' welfare and support economic resilience.
EU priorities mainly centre on:
- Building a real data-driven economy as a catalyst for innovation and job creation
- Supporting improved connectivity and deploying cutting edge and resilient digital infrastructures (e.g. 5G)
- Enhancing the digitalization and innovation of Public Administration (including judicial and healthcare system)
- Favouring the digital transition of enterprises
- Improving capabilities in crucial sectors leveraging digital capabilities (e.g. AI, cloud and cybersecurity)
- Adapting the education systems to support digital skills and facilitating reskill and upskill.
"Only 4 out of 10 citizens are satisfied with the level of digitalization in their country."
The EU has developed a new strategy to address climate and environmental challenges that will help a transition to a modern, competitive, and resource-efficient economic model.
It involves separating economic growth from resource use and net greenhouse gas emissions no longer generated.
NGEU will play a key role in making Europe the first climate-neutral continent within 2050 by:
- Investing in future-proof clean technologies
- Improving energy efficiency of public and private buildings
- Promoting sustainable, accessible, and smart public and private transportation
- Enabling a more circular economy
- Supporting the transition towards renewable energy sources
"36% of citizens within the NGEU perimeter would like to live in a country that invests more in innovation to achieve sustainability goals."
The Europe of tomorrow will reduce any social inequality and disparity to create a more unified model. NGEU will support medium-term investments and reforms promoting social resilience in EU member states, as well as aiming to reduce social disparity by implementing the following:
- Ensuring a homogeneous level of services to all EU citizens
- Improving labour policies
- Modernizing labour market systems
- Supporting social inclusion and reducing social gaps
- Investing in modern social and educational infrastructures
"1 in 2 citizens would like to see a greater emphasis on education, training and research in the post-COVID future."
How we can help
We can help business communities and institutions uncover and take advantage of NGEU opportunities.
Digital
transformation
Green transition and sustainability
Education and workforce transformation
Infrastructure and mobility
Health transformation
Grants, incentives and funding
Contact us
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