One of the hot topics the European Union is dealing with is the establishment and operation of a special new fund and program, the so-called Recovery and Resilience Facility (RRF). In response to the outbreak of the COVID-19 pandemic, EU leaders have agreed to launch this special comprehensive package to be the largest stimulus batch ever financed through the EU Budget. It is not only the biggest one, but also differs from the approach and allocation of the traditional ones in several aspects.
The summary prepared by Andersen provides an overview of 17 countries covering the following questions:
- How much non-refundable funds and how much loans have been requested?
- What is the status of the RRF Plan as of 31 August 31 2021?
- What are the main components of the RRF Plan?
- When is the first payment expected to be made?
We are confident that this overview will be of interest. In case you would like further details, please do not hesitate to contact anyone in Andersen´s European Business Incentives and Tax Credits Practice to receive additional information on the topics covered or to answer any questions that may arise.