The Recovery and Resilience Facility continues to deliver, Commission third annual report shows.

 As shown in the Commission's third Annual Report on the RRF adopted today, the Commission is supporting Member States in the full and timely delivery of their plans through more streamlined processes, and has further improved both transparency and mechanisms to protect the EU financial interests.

The RRF, with €650 billion in grants and loans, is a critical driver of ambitious investments and reforms across Member States, in initiatives that advance the green and digital transition, and strengthen the resilience and competitiveness of the EU.

Since its inception, the RRF has driven over €82 billion in investments directly supporting businesses. Over 900 reforms are being delivered to cut red tape and speed up business processes to obtain permits and licenses for example, helping EU industry become more competitive. With RRF support, 34 million megawatts hours in energy consumption have been saved, over 11.8 million people have participated in education and training, and 9.8 million people benefitted from protection measures against climate-related disasters.

The Commission, Member States, and all relevant stakeholders, along with the European Parliament and Council, have worked closely together to achieve these results.

Over €300 billion in RRF funds expected to be disbursed by the end of 2024

Implementation and disbursements under the RRF have accelerated after some delays in 2023 largely linked to Russia's illegal invasion of Ukraine, high inflation, supply constraints and the need to adopt REPowerEU chapters. To date, the Council has endorsed 26 such chapters, which provide additional funds to roll out reforms and investments that diversify the EU's energy supplies, accelerate the green transition, and support vulnerable households.

As of today, the Commission received 69 payment requests from 25 Member States and disbursed over €267 billion, i.e. more than 40% of the available RRF funding. By the end of the year, over €300 billion in RRF funds are expected to be disbursed. The report details numerous examples of how progress with reforms and investments across the six RRF policy pillars is having a tangible and positive impact on citizens and businesses alike.