Regulation (EU) 2021/241 establishing the Recovery and Resilience Facility.

This Regulation establishes the Recovery and Resilience Facility and lays down the objectives of the Facility, its financing, and the forms of Union funding and its provision. In the context of the COVID-19 crisis, the Facility shall promote the Union’s economic, social and territorial cohesion by improving the resilience, crisis preparedness, adjustment capacity and growth potential of the Member States, by mitigating the social and economic impact of that crisis, in particular on women. The Facility shall be implemented by the Commission referring to EU policies in the fields of: (I) green transition; (II) digital transformation; (III) smart, sustainable and inclusive growth, including economic cohesion, jobs, productivity, competitiveness, research, development and innovation, and a well-functioning internal market with strong small- and medium-scale enterprises; (IV) social and territorial cohesion; (V) health, and economic, social and institutional resilience, with the aim of increasing crisis preparedness and crisis response capacity; and (VI) policies for the next generation, children and the youth, such as education and skills. Member States shall prepare national recovery and resilience plans in this scope and necessary financial support shall be provided by the Facility from the Union funds. Support under the Facility shall be additional to the support provided under other Union programmes and instruments. The Commission shall monitor the implementation of the Facility and the monitoring of implementation shall be targeted and proportionate to the activities carried out under the Facility.