The EU’s Plan to Build Back Better for the Next Generation
With Next Generation EU, the Commission aims at repairing and revitalizing the Single Market with €750 billion
The new temporary emergency instrument will boost support to Member States WITH direct investment in the green and digital transition
csr europe is supporting a green recovery with the european pact for sustainable industry
As Europe is recovering from the COVID-19 health crisis, EU leaders are battling the socio-economic repercussions of the pandemic. According to the United Nations Conference on Trade and Development (UNCTAD), global foreign direct investment (FDI) flows are forecast to decrease by up to 40% in 2020 and the EU GDP is expected to shrink by more the 7% in 2020.
The European Commission has proposed a revamped long-term EU budget to kick-start a lasting and prosperous recovery.
The new emergency temporary recovery instrument “Next Generation EU” should boost the EU budged with €750 billion raised on the financial markets for 2021-2024, bringing the total financial firepower of the EU budget to €1.85 trillion.
To repair and revitalize the Single Market, Next Generation EU will be roll out under three pillars which will direct investment in the green and digital transition:
PILLAR: Supporting Member States to Recover
covery and Resilience Facility with a budget of €560 billion to support member states in implementing reforms.
REACT-EU Initiative to provide a budget of €55 billion of additional cohesion policy funding, with a focus on workers and SMEs.
Reinforced rural development programmes to strengthen the budged up to €15 billion
Reinforced Just Transition Mechanism to strengthen the budged up to €40 billion
PILLAR: Kick-starting the economy and helping private investment
Solvency Support Instrument to support equity of viable companies with a budged of € 31 billion;
Strategic Investment Facility with a budged of € 15 billion within InvestEU to strengthen European autonomy across key technologies and value chains.
PILLAR: Learning the lesson on the crisis
New standalone EU4HEALTH programme with a budged of € 9.4 billion to invest in prevention, crisis preparedness and improving long-term health outcomes; better support to global partners
Reinforced rescEU with a budged of € 3.1 billion to protect citizens
Reinforced programmes for research, innovation and external action
By fulfilling the SDGs we can pay tribute to all the women and men on the front lines of this transition towards an inclusive and sustainable economy
To support the recovery and achieve the Green Deal, CSR Europe is inviting companies, industry federations and EU leaders to implement the European Pact for Sustainable Industry.
Under the umbrella of the Pact, companies, industry federations and EU policymakers have the opportunity to incubate and scale-up sector and cross-sector collaborations.
Discover how you can support a green recovery:
JOIN THE PACT
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