Europe's moment: Repair and prepare for the next generation


The European Commission has put forward its proposal for a major recovery plan. To ensure the recovery is sustainable, even, inclusive and fair for all Member States, the European Commission is proposing to create a new recovery instrument, Next Generation EU, embedded within a powerful, modern and revamped long-term EU budget.


The Commission has also unveiled its adjusted Work Programme for 2020, which will prioritise the actions needed to propel Europe's recovery and resilience.

The money raised for Next Generation EU will be invested across three pillars:

1. Support to Member States with investments and reforms:

  • A new Recovery and Resilience Facility of €560 billion ...
  • A €55 billion top-up of the current cohesion policy programmes ....
  • proposal to strenghten the Just Transition Fund up to €40 billion ...
  • A €15 billion reinforcement for the European Agricultural Fund for Rural Development to support rural areas in making the structural changes necessary in line with the European Green Deal and achieving the ambitious targets in line with the new biodiversity and Farm to Fork strategies

2. Kick-starting the EU economy by incentivising private investments

3. Addressing the lessons of the crisis

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