Recover.EU – Seizing Opportunities
The Austrian Federal Economic Chambers launched the project “Recover.EU - Seizing Opportunities” enabling domestic companies to benefit from EU recovery funds and thrive in the months and years to come.
We at the Austrian Federal Economic Chambers aim to offer the missing link between the detailed but also complex national recovery plans and providing guidance in this field. Currently, there is no comparable assistance with a focus on businesses in the European Union. Recover.EU serves as a guide for companies to make the most of EU recovery funding.
The core feature of the project is the Recover.MAP tool: It provides an overview of planned investments in each EU Member State for which our experts have reviewed all available national recovery plans. From over 15,000 pages, more than 1,000 measures were selected. The tool is the starting point: the Enterprise Europe Network of the Austrian Federal Economic Chambers and our local trade delegates offer tailor-made support for in-depth counselling.
Background info: The recovery plan NextGenerationEU amounts to EUR 806.9 billion until 2027 (at 2020 prices). The Recovery and Resilience Facility (RRF) accounts for the largest share of this plan, making up EUR 723.8 billion in loans and grants. The first RRF funds are already in place. The aim is to mitigate the economic and social impact of the coronavirus pandemic with a particular focus on investments in the green and digital transition. At least 37 percent of the funds in the recovery plans are reserved for green measures and at least 20 percent for digitalization.