NextGenerationEU & NRRP

NextGenerationEU and NRRP

A brief introduction of NGEU

NextGenerationEU (NGEU) is a temporary European Union instrument deploying over EUR 800Bn for the relaunch and recovery of economic and social damage caused by the Covid-19 pandemic, encouraging investments in digitalisation, ecological and energy transition, infrastructure, social cohesion, training and research.

The Recovery and Resilience Facility, through which loans and subsidies will be made available to Member States to support their reforms and investments, is the cornerstone of the programme.

Italia Domani - National Recovery And Resilience Plan (NRRP)

NGEU represents a remarkable opportunity for development, investments and reforms. Italy will have the opportunity to modernise its public administration, strengthen its production system and intensify its efforts to fight poverty and inequality, while boosting social inclusion.

The plan presented by Italy, Italia Domani, is based on three shared strategic objectives at European level: digitalisation and innovation, ecological transition and social inclusion. 

The Plan contributes substantially to fostering social inclusion and reducing territorial disparities and its main beneficiaries are women, young people and Southern Italy.

To see the FAQs and get more information on what the NRRP is and what the missions it consists of, visit the Group's website .

Other plans in Europe
 

Intesa Sanpaolo monitors new developments and regulatory evolutions in Europe as well, in order to help clients make the most of the opportunities offered by the Relaunch Plans of the various countries.Through our international network, we are working alongside international clients to support them in the development of projects related to the Relaunch Plans of the European countries in which we operate.

France Relance 

The Plan National de Relance et de Résilience (PNRR) presented by the French government, financed by European grants of approximately EUR 40Bn and national resources, is part of a broader EUR 100Bn plan for France Relance. The French PNRR is very much oriented towards green transition and relies on public investments as well as tax incentives, especially for companies.

Espana Puede 

The Spanish National Recovery and Resilience Plan provides for the use of EU resources of EUR 70Bn from 2021 to 2023. These will be in the form of grants exclusively, while the decision regarding the application of an additional EUR 70Bn in the form of loans will be held off until the next three-year period. 70% of resources are allocated to projects aimed at green and digital transition, mostly in public investments to be implemented by all Ministries, in coordination with local public administrations and the private sector, to maximise the macroeconomic impact of the various actions. 

Deutscher Aufbau- und Resilienzplan (DARP) 

The German Plan, financed by EUR 25.6Bn in grants, aims to promote a strong recovery following the Covid-19 pandemic. The reforms and investments it includes will support the country's path towards green and digital transition and strengthen economic and social resilience. In particular, the main objectives are the pursuit of energy efficiency, the digitalisation of the public administration and investments in education and training throughout the country.