The Socialists and Democrats (S&Ds) group in the European Parliament has called on the European Commission to maintain financial support for ongoing projects under the Recovery and Resilience Facility (RRF) beyond the year 2026. The RRF is a major EU initiative designed to help member states recover from the economic impact of the COVID-19 pandemic by funding mature projects that promote sustainable growth and resilience.
Importance of Continuing Investment
S&Ds highlight the importance of continuing investment to secure the completion of key projects that support economic recovery and climate goals. They urge the Commission to ensure that funding remains in place to:
- Avoid disruptions in progress
- Maximize the impact of already committed resources
Current Funding Status and Future Needs
This demand comes as the RRF is currently set to provide funding until 2026; however, several member states have ongoing projects that require extended support for full implementation. The continuation of RRF funding is seen as vital to:
- Maintain momentum in the EU’s economic recovery efforts
- Meet strategic priorities under the European Green Deal
- Advance digital transformation goals
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