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ARTICLE · 20 SEPTEMBER 2021

NextGenerationEU Funds And National Recovery And Resilience Plans

Bird & Bird
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The European Commission has launched its largest package of economic stimulus measures in order to speed up the recovery of EU economies damaged as a result of the COVID-19 pandemic, the so-called NextGenerationEU.

European UnionAntitrust/Competition Law
Jose Rivas
Jose Rivas
Morten Nissen
Morten Nissen
Ana Manzaneque
Ana Manzaneque
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The European Commission has launched its largest package of economic stimulus measures in order to speed up the recovery of EU economies damaged as a result of the COVID-19 pandemic, the so-called NextGenerationEU.

The NextGenerationEU programme, with its centrepiece the “Recovery and Resilience Facility” (RRF), involves an investment of more than €750 billion aimed at building a “greener, more digital and more resilient” Europe.

The large-scale financial support offered by this new programme represents a unique opportunity for undertakings seeking to benefit from public support to achieve their goals and to carry out new projects in line with the NextGenerationEU objectives. The flip side of the coin is that recipient companies need to be very mindful that the European State aid and competition rules come with important compliance obligations that need to be observed to avoid possible later recovery of aid.

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