Meeting at a special Summit in Brussels on 21 July, EU leaders agreed on the 2021-2027 EU budget and a COVID-19 recovery package totalling €1 824.3 billion. Combining the EU’s long-term budget, known as the multiannual financial framework (MFF) and an extraordinary recovery effort known as the Next Generation EU (NGEU), the agreed packages will help the EU to rebuild after the COVID-19 pandemic and will support investment into green and digital transitions.
The EU's seven-year budget, which is worth €1074 billion, will cover the following main spending areas:
- Single market, innovation and digital
- Cohesion, resilience and values
- Natural resources and the environment
- Migration and border management
- Security and defence
- Neighbourhood and the world
- European public administration
The €750 billion recovery fund (Next Generation EU) will help EU countries tackle the socio-economic consequences of the COVID-19 pandemic.
The amounts available under Next Generation EU will be allocated to seven individual programmes:
- Recovery and Resilience Facility (RFF)
- Horizon Europe
- Rural Development
- Just Transition Fund and
To find out more about the EU’s announcement please click here. Over the coming weeks EASPD will be providing further information on how the 2021-2027 EU budget and Next Generation EU package can benefit social service providers for persons with disabilities.