Grupo Eco3G

Next Generation EU

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COVID-19 has had a hard impact on the whole of society and also on companies across Europe.

To help repair the economic and social damage caused by the coronavirus pandemic, the European Commission, the European Parliament and EU leaders have agreed on a recovery plan that will lead the way out of the crisis and lay the foundations for a modern and more sustainable Europe. This is  called NEXT GENERATION EU or Recovery Funds.

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What are the benefits for my company?

The EU’s long-term budget, coupled with NextGenerationEU, the temporary instrument designed to boost the recovery, will be the largest stimulus package ever financed through the EU budget. A total of €1.8 trillion will help rebuild a post-COVID-19 Europe. It will be a greener, more digital and more resilient Europe.

The new long-term budget will increase flexibility mechanisms to guarantee it has the capacity to address unforeseen needs. It is a budget fit not only for today’s realities but also for tomorrow’s uncertainties.

The last step of the adoption of the next long-term EU budget was reached on 17 December 2020.

In the following table, you can find  the keys that will mark those aid that will be public soon.

main elements agreement - Next Generation EU
financial framework - Next Generation EU
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When can I start applying?

The European Commission will start committing the funds under the next Multiannual Financial Framework (the EU long-term budget) as of 1 January 2021, following the adoption of the relevant sector-specific rules as well as of the annual budget for 2021 by the European Parliament and the Council.
For the Commission to start borrowing under NextGenerationEU, thus making the instrument operational, the ratification of the new Own Resources Decision by all Member States in line with their constitutional requirements is still needed.
The Commission relies on the commitment of Member States to proceed as quickly as possible, in the interest of all EU citizens.
For this reason, we hope that we will soon be able to start presenting the latest Next Generation news in our News section.
Anyone can benefit from the EU budget. Find open and upcoming calls for funding proposals, get background information on funding processes and programmes, and apply online.