The Socialists and Democrats (S&D) Group in the European Parliament have urged the European Commission to extend financial support for projects under the Recovery and Resilience Facility (RRF) beyond 2026. The RRF plays a critical role in aiding EU member states to recover from the economic aftermath of the COVID-19 pandemic.
Importance of Continued Funding
S&D representatives highlight that numerous RRF-funded projects are still underway and need ongoing investment to fully achieve their objectives. These projects focus on key areas such as:
- Infrastructure development
- Digital transformation
- Sustainable development
These sectors are essential for Europe’s long-term growth and resilience.
Potential Risks of Funding Cessation
The call for extended funding stems from concerns that halting support after 2026 could:
- Disrupt ongoing progress
- Negatively impact recovery efforts
- Prevent completion of mature initiatives
Continued investment aims to ensure the EU meets both its economic and environmental targets effectively.
Benefits of Extension
The Socialists and Democrats emphasize that sustained RRF funding will:
- Secure employment opportunities
- Foster innovation
- Support the green and digital transitions
They encourage the European Commission to evaluate these long-term advantages and collaborate closely with member states for smooth project implementation.
Stay tuned to Questiqa Europe News for more latest updates.
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