NextGenerationEU shows strong delivery record as implementation reaches finish line

Today, the European Commission presents the fifth annual report on the Recovery and Resilience Facility (RRF). As the EU's flagship recovery instrument under NextGenerationEU, the RRF has now disbursed €450 billion in grants and loans, nearly 80% of the total amount requested by Member States.

Created in 2021 as an immediate response to the COVID-19 crisis, the RRF has become a major driver of reforms and investments while strengthening the Union's economic resilience. From boosting research and development in Ireland to supporting family businesses in Greece and modern health facilities in Cyprus, the RRF has a strong record of delivering concrete change. Today's report provides fresh evidence of this. 

Member States had until 31 August 2026 to complete the milestones and targets reflecting the reforms and investments set out in their recovery and resilience plans. The Commission is now assessing the final 32 payment requests, with the remaining disbursements, amounting to €123 billion (21% of the envelope), to be completed by the end of 2026.

Over the lifetime of the programme, Member States have worked to achieve almost 6,000 milestones and targets, delivering reforms and investments that support the green and digital transitions and benefit citizens and businesses on the ground. Of these, 4,082 milestones and targets have already been fulfilled, while 1,899 are currently under assessment.

Boosting Europe's digital transformation

RRF-supported digital investments, amounting to €140 billion, are supporting digital transformation with a strong potential to raise productivity. It is estimated that every €1 invested in digital measures under the RRF can generate €1.5 in economic output within the EU by 2030. The measures are particularly concentrated in high-technology sectors, which are a key part of Europe's competitiveness.