German Recovery and Resilience Plan (GRRP)

The Covid-19 crisis constitutes one of the biggest challenges in the history of the European Union and the Federal Republic of Germany in terms of its impact on health, society and the economy. The European Union has taken robust action in response to the crisis during Germany’s EU Council Presidency. With the recovery instrument “Next Generation EU“, which amounts to €750 billion, and its largest funding instrument – the Recovery and Resilience Facility (RRF), worth €672.5 billion – the foundations have been laid to emerge together from the crisis even stronger than before.

In order to receive funds from the RRF Member States have to submit comprehensive plans laying out specific projects of investments and reforms that will support the economic recovery and make our societies more resilient. Germany has submitted a draft of the German Recovery and Resilience Plan (GRRP) to the European Commission in December 2020.

With this GRRP, the federal government contributes to overcoming the Covid-19 crisis and to safeguarding the future of Germany and Europe. The focus of the GRRP is on tackling the two major challenges of our time, namely climate change and the digital transformation. 
Measures cover a broad spectrum, from decarbonisation by means of renewable hydrogen, to climate-friendly mobility and construction. The aspiration of digitalisation affects almost all the measures in the recovery plan. The plan also includes a national digital education initiative.

Further focus is on measures to promote social inclusion and participation in the labour market, while taking gender equality into account. Social resilience also includes strengthening the public health system and fostering a pandemic protection scheme. 

 

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Next Generation EU
Next Generation EU

To help the European economy recover and grow in the aftermath of the coronavirus crisis, the EU member states have agreed on the Next Generation EU recovery plan, with a volume of €750 billion. Under this plan, the European Commission will be able to borrow on the financial markets, allowing it to support the hardest-hit countries and regions with grants and loans from EU budgetary programmes.

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