Here you can find Frequently Asked Questions submitted to our office. Click on the question you are interested in to read the answer.
Next Generation EU (NGEU) is a Euro 750 billion plan which has the objective of re-launching the European economy after the COVID-19 pandemic in order to make it greener and more digital.
The European Union has set aside € 750 billion, including € 191.5 billion for Italy, through grants and loans from the RRF (Recovery and Resilience Facility). The supplementation of € 30 billion by Italy is taking place through a Complementary Plan, financed directly by the budget.
The priority of the National Plan for Recovery and Resilience is the realisation of the ecological and digital transition, and the recovery of delays that historically have penalised the Country, as related to young people, gender inequality and territorial divide.
Digitalisation and innovation are tools required to modernise the Country. They involve the technological development of manufacturing processes, infrastructures, schools, administrations, buildings and healthcare.
The commitment to driving digitalisation and innovation indirectly affects all of the Plan's initiatives and has an impact on a number of key elements in our economic system: viz., connectivity for citizens, businesses and public administration and the promotion of Italy's cultural heritage and tourism industry.
The ecological transition is the goal behind the new model for Italian and European development. It involves actions to reduce harmful emissions, combat hydrogeological instability and minimise the impact of industrial activity on the environment.This transition represents a unique opportunity for Italy, which has a natural, agricultural and richly biodiverse ecosystem of inestimable value. But because of its geographical configuration, Italy is more exposed to climate risks and will greatly benefit from the ecological transition given the relative lack of traditional resources and the abundance of some renewable resources.
One of the main goals of the Plan is to raise women's participation level in the labour market, to support setting up small and medium businesses with funds for female entrepreneurship, and to correct the imbalances standing in the way of equal opportunities. To achieve these objectives, Italy is implementing reforms, training and investments that affect all the different areas of the Plan.
The plan will invest in training and research to improve youth employment, simplify their educational choices, thus boosting the potential of new generations and their active social engagement, especially in the South of Italy. At the same time, territorial gaps will be reduced by enhancing the potential of the South in each of the areas involved in the individual Missions of the Plan.
The six Missions represent the Plan's six main intervention areas. They are: Digitalisation, innovation, competitiveness, culture and tourism; green revolution and ecological transition; infrastructures for sustainable mobility; training and research; inclusion and cohesion; health.
The NRRP will contribute to the development of the Country generating sustainable and inclusive economic growth. The impact of the program in terms of a major real GDP is between 12.7% and 14.5% over the plan's span of six years.