Recovery, Renewal, Resilience

The European Union recently set out Europe's priorities for recovery, which aim to create a "greener, more digital and more resilient Europe". The latest budget will focus on:

• "Research and innovation, via Horizon Europe;
• Fair climate and digital transitions, via the Just Transition Fund and the Digital Europe Programme;
• Preparedness, recovery and resilience, via the Recovery and Resilience Facility, rescEu, and a new health programme, EU4Health;
• Modernising traditional policies such as cohesion and the common agricultural policy, to maximise their contribution to the Union's priorities;
• Fight climate change, with 30% of the EU funds;
• Biodiversity protection and gender equality"

France recently set out the key measures within their recovery plan, complementing the priorities set out by the European Union. France is investing largely in:

• Accelerating the greening of the economy, with investments in "energy performance renovations for buildings, in "green infrastructure" and mobility, to reduce the carbon-intensity of manufacturing processes, and in the development of new green technologies" (hydrogen, biofuels, recycling)
• Economic resilience through "reductions in production taxes, the provision of support for equity capital funding for business, investment in industrial innovation and support for exports"
• A focus on financial support and digital transformation of voluntary sector enterprises and small-medium enterprises