Recovery & Resilience Facility (RRF)
We evaluate the projects and programs of the National Recovery Plan. We offer you the most ideal customized solutions. We create important development prospects for your business.
The Recovery and Resilience Facility (RRF) presents a historic opportunity for Greece, an opportunity which we intend to use to the best advantage of our country.
This Facility cannot be compared to other Union funds for three main reasons:
Time
All reforms and investments under the RRF must be implemented by the end of 2026. The funds must, therefore, be utilized at an unprecedented rate.
Ability to mobilize private resources
By using the RRF loans, in a way that does not burden the budget, it mobilizes thousands of private investments and the utilization of Public & Private Partnerships (PPPs).
The Plan combines investments and reforms for the first time
The investments give the Plan macroeconomic and economic strength and the reforms efficiency and perspective.
Funding
The amounts allocated by the Facility are so significant that, with proper utilization, they can change the course of the country and put it on a path of permanent, dynamic and resilient growth, enhancing cohesion, at both national and European level and creating thousands of new quality jobs, which will remain after the program is completed.
The Recovery and Resilience Facility will make € 672,5 billion in loans and grants available to support reforms and investments undertaken by Member States. The aim is to mitigate the economic and social impact of the coronavirus pandemic and make European economies and societies more sustainable, resilient and better prepared for the challenges and opportunities of the green and digital transitions.
By offering large-scale financial support for investments and reforms, the Facility will better prepare Member States for a sustainable recovery.
Greece 2.0 – National Recovery Plan – goes beyond recovery by introducing fundamental economic and social reforms, which will affect – apart from the economic activity – also technologies, attitudes and institutions.
Goals and Benefits
The goals of Greece 2.0 aim at:
- Mitigating the economic and social impact of the COVID-19 crisis
- Addressing existing productive & investment gaps
- Enhancing growth potential, job creation and economic and social resilience
The benefits of Greece 2.0 are the following:
- A shift towards a permanent, dynamic and resilient growth model
- Enhanced cohesion, both at national and at European level
- Creation of 180.000-200.000 new quality jobs until 2026
- Permanent increase in real GDP by 7% by 2026
Fund Budget
The Recovery Fund Budget amounts to € 31,16 billion while the Total Mobilized Investment Resources to € 59,81 billion.
Pillars
- Pillar 1: Green Transition
- Pillar 2: Digital Transformation
- Pillar 3: Employment, Skills, Social Cohesion
- Pillar 4: Private Investment and Transformation of the Economy
Key Investments & Reforms
- Upgrading energy efficiency of buildings for households, enterprises and the public sector
- Investments in culture, tourism and the agri-food sector as drivers of growth
- Upgrading research institutes of the country
- 5G infrastructure, fast broadband connections, fiber optic infrastructure in buildings, submarine fiber cables of the Greek islands
- Large investments in health, education, and social inclusion of vulnerable groups
- Promotion of e-mobility through a modern institutional framework
The RRF entered into force on 19 February 2021.
Revival Consulting Services, with the long-term experience and expertise of its specialized advisors in Development Programs, guides you through the entire process, from the application to the final approval of your plan and the relevant funding that will significantly boost your projects.
We stand out in Development Programs advisory, as we fully understand the needs and the particularities of your business in conjunction with your plan, and guide you in the best way, so that you can make the best decisions and reap the greatest benefits with significant growth prospects.
Learn more about Greece 2.0 at the following LINK
RRF Programs
Why us?
Driven by our technology and people, we work to provide you with fast and reliable solutions with a holistic and personalized approach at the core.
With Revival’s specialized services:
Reduce operating costs and capital expenditures
You focus on the activities that are important to your business
Respond faster to the challenges of the modern age
You get easier access to resources, technology and skills
Increase your business performance
What benefits you get with Revival's specialised services
- Reduce operating costs and capital expenditures
- You focus on the activities that are important to your business
- Respond faster to the challenges of the modern age
- You get easier access to resources, technology and skills
- Increase your business performance
Schedule an appointment
Schedule an appointment with the relevant specialist Consultant today.
Trust Revival’s experienced staff to provide high-level consulting services on issues related to your business. If you want to solve an issue or further develop your business, make an appointment with us and our representatives will develop the ways to achieve it.
