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Next Generation EU: Pandemic Recovery Plan to build a greener, more innovative, stronger Europe

Historically, pandemics have forced us to break with our past and reimagine our society. COVID is no different.

We believe it will allow us to reimagine an entire continent. The Next Generation EU fund ambition is to support the European recovery strategy beyond individual countries and companies to become a genuine force for lasting Europe-wide change.

We want to help to make this happen.

By drawing on our globally connected multi-disciplinary expertise and knowledge, we can help lay the foundations needed to move forward while supporting companies and Public Administrations in accessing European union funds and enabling their transformation through a strategic business recovery plan, thus creating the Europe of the future. One that is more resilient, sustainable, digital friendly and inclusive, that can withstand future threats, like climate change.

Working with businesses and institutions across several different areas, such as digital transformation, green transition and sustainability, education and workforce transformation, infrastructure and mobility, health transformation, EU grants, incentives, and EU business funding.

Welcome to our vision for Europe – one that is greener, smarter and stronger than ever before.

Next Generation EU at a glance

NGEU has one of the most extensive Next Generation EU fund stimulus packages ever financed for a greener, more digital, more resilient Europe supporting the Recovery plan for Europe.

The Multiannual Financial Framework (2021-2027) and the NGEU total €1.8 trillion (in 2018 prices), the most significant stimulus package ever financed by the EU. Within this, the Next Generation EU fund is a package of European Union funds, with an investment pot totalling €750 billion (in 2018 prices).

This unprecedented European recovery fund will support the post-pandemic economic and social revamp and trigger a greener transition that's more digital and better prepared for challenges now and in the future.

Read our latest report here.

More than 8 out of 10 EU citizens consider NGEU as strategically necessary for supporting the revamp of their country and the EU.

Next Generation EU funding and the future of Europe: A unique opportunity for growth, Deloitte, November 2021

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All data reported in the figure are in 2018 prices. Source: European Commission

The Recovery and Resilience Facility (RRF), established through EU regulation 2021/241, is the centrepiece of the NGEU. The €672.5 billion (in 2018 prices) in loans and grants will support the recovery plan for Europe through post-pandemic reforms and investments across the EU while enabling a digital and environmental transition in a cohesive society throughout Europe. To access the RRF funds, Member States must submit their Recovery and Resilience Plan to the European Commission, which will check the alignment with EU priorities and the country’s specific recommendations. The Member States must allocate a minimum of 37% to climate investments and reforms and a minimum of 20% to digital transition.

Three Pillars for Europe’s future

The Next Generation EU stimulus package will help enable collaboration and joint commitment within the member states by providing the necessary EU business funding. This will revitaliwe their economies and lay the foundations for a more digital-friendly, greener, and inclusive Europe that will help them face future challenges with a greater sense of unity.

Digital transition

A significant portion of the Next Generation EU funding will be allocated to sustain a digitally focussed growth strategy. It can increase its equitability by introducing innovations that enhance citizens' welfare and support economic resilience.

EU priorities mainly centre on:

  • Building a real data-driven economy as a catalyst for innovation and job creation
  • Supporting improved connectivity and deploying cutting edge and resilient digital infrastructures (e.g. 5G)
  • Enhancing the digitalisation and innovation of Public Administration (including judicial and healthcare system)
  • Favouring the digital transition of enterprises
  • Improving capabilities in crucial sectors leveraging digital capabilities (e.g. AI, cloud and cybersecurity)
  • Adapting the education systems to support digital skills and facilitating reskill and upskill.

"Only 4 out of 10 citizens are satisfied with the level of digitalisation in their country."

-Next Generation EU funding and the future of Europe: A unique opportunity for growth, Deloitte, November 2021

Discover more on Digital transformation

Green transition

The EU has developed a new strategy to address climate and environmental challenges that will help a transition to a modern, competitive, and resource-efficient economic model.

It involves separating economic growth from resource use and net greenhouse gas emissions no longer generated.

NGEU will play a key role in making Europe the first climate-neutral continent within 2050 by:

  • Investing in future-proof clean technologies
  • Improving energy efficiency of public and private buildings
  • Promoting sustainable, accessible, and smart public and private transportation
  • Enabling a more circular economy
  • Supporting the transition towards renewable energy sources

"36% of citizens within the NGEU perimeter would like to live in a country that invests more in innovation to achieve sustainability goals."

-Next Generation EU funding and the future of Europe: A unique opportunity for growth, Deloitte, November 2021

Discover more on Green transition

Social cohesion

The Europe of tomorrow will reduce any social inequality and disparity to create a more unified model. NGEU will support medium-term investments and reforms promoting social resilience in EU member states, as well as aiming to reduce social disparity by implementing the following:

  • Ensuring a homogeneous level of services to all EU citizens
  • Improving labour policies
  • Modernising labour market systems
  • Supporting social inclusion and reducing social gaps
  • Investing in modern social and educational infrastructures

"1 in 2 citizens would like to see a greater emphasis on education, training and research in the post-COVID future."

-Next Generation EU funding and the future of Europe: A unique opportunity for growth, Deloitte, November 2021

How we can help

We can help business communities and institutions uncover and take advantage of NGEU opportunities.

Digital transformation

Deloitte provides a complete set of deep-digital transformation solutions, which improve efficiency, power new products and services, enable new business models, and blur the boundaries between leveraging cutting-edge technological expertise. They also strengthen the Single Market by adapting it for the digital age

Green transition and sustainability

Deloitte helps companies implement large-scale green transition projects. We focus on carbon footprint emissions, supporting the definition and deployment of decarbonisation strategies, promoting a circular economy and sustainable development and managing regulatory compliance. All this is part of a European recovery strategy for a greener, more sustainable Europe.

Education and workforce transformation

Deloitte promotes the pivotal role of education in developing our clients' workforces, helping achieve business success, even in times of disruption and digital transformation. We help to reskill and upskill the workforce and implement them actions to future proof your workforce.

Infrastructure and mobility

Deloitte provides advisory services and state-of-the-art technology solutions to help companies improve operations, optimise resources and enhance the traveller experience, whether they manage infrastructure or offer mobility services. We aim to power a new age of mobility to meet shifting customer needs better.

Health transformation

Deloitte supports the health sector in large transformational projects leveraging data and expanding the provision of e-health services. We are helping to promote a new model of care by connecting patients to health service providers through integrated platforms and digital solutions, meeting the demands of a transforming healthcare system.

Grants, incentives and funding

Deloitte helps companies understand, identify, and prioritize the right incentives and funding opportunities. We'll develop an effective strategy for cross-border operations while effectively executing and monitoring the funding processes. We have all the expertise to help you benefit from emerging financing opportunities.

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