The EU’s long-term budget (multi-annual financial framework or MFF), combined with the temporary recovery instrument NextGenerationEU, is the largest stimulus package for Europe ever.
In total, it comes to 2018 billion euros in current prices to rebuild Europe following the Covid crisis. And it will become a greener, more digital and more resilient Europe.
More than 50% of the long-term budget and NextGenerationEU are supporting modernisation, for example through: research and innovation via Horizon Europe, fair climate and digital transitions via the Just Transition Fund and the Digital Europe Programme.
Learn more about the Recovery plan for Europe.
