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Recovery and Resilience Facility: Finland submits official recovery and resilience plan

The Commission has received an official recovery and resilience plan from Finland. This plan sets out the reforms and public investment projects that Finland plans to implement with the support of the Recovery and Resilience Facility (RRF).

The RRF is the key instrument at the heart of NextGenerationEU, the EU's plan for emerging stronger from the COVID-19 pandemic. It will provide up to €672.5 billion to support investments and reforms (in 2018 prices). This breaks down into grants worth a total of €312.5 billion and €360 billion in loans. The RRF will play a crucial role in helping Europe emerge stronger from the crisis, and securing the green and digital transitions.

The presentation of this plan follows an intensive dialogue between the Commission and the Finnish authorities over the past number of months.

Finland's recovery and resilience plan 

Finland has requested €2.1 billion in grants under the RRF.

The Finnish plan is structured around four pillars of green transition, digitalisation and data economy, employment and skills, and social and health services. It includes reforms and investments to accelerate the digital transformation, research and investment in the green transition, and measures to promote employment and skills, and improving access to health care and social services. Projects in the plan cover the entire lifetime of the RRF until 2026. The plan proposes projects in all seven European flagship areas.

Click here for the full press release

 

Original article link: https://ec.europa.eu/commission/presscorner/detail/en/IP_21_2702

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