EU Regulation 2021/241 establishing the Recovery and Resilience Facility (RRF Regulation) entered into force on 19 February 2021.

It aims to help mitigate the economic and social impact of the COVID-19 pandemic and make EU economies and societies more sustainable, resilient and better prepared for the green and digital transitions.

The RRF will provide a total of €672.5bn in the form of grants and loans to EU member states, which will use the funds to implement reforms and public investment projects in line with their national recovery and resilience plans. These plans need to be submitted to the Commission by 30 April 2021.

Each national plan should allocate at least 37% and 20% of the expenditure to support green and digital transitions, respectively.

Focusing on these so-called twin transitions, Cullen International’s new Tracker:

• summarises the key features of the RRF; and
• explains the relevant state aid aspects in relation to high-speed broadband connectivity projects, which are expected to feature in many national plans.

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