France’s National Recovery and Resilience Plan: Latest state of play

Summary:

France's National Recovery and Resilience Plan (NRRP) is a subpart of 'France Relance', a larger recovery strategy France adopted in 2020 at national level, worth €100 billion in total (4.1 % of France's gross domestic product (GDP) in 2019). The NRRP had an initial value of €40.9 billion (total costs), while the plan as amended in 2023 is worth €41.9 billion. Under the Recovery and Resilience Facility (RRF), at the core of the Next Generation EU (NGEU) instrument, France's RRF grant allocation decreased from €39.4 billion to €37.4 billion, following the June 2022 update. In April 2023, France submitted a request to amend its NRRP – partly in order to take into account the decrease in the EU's financial contribution, but also to add a new REPowerEU chapter, which comes with an additional grant allocation of €2.3 billion. France also requested to transfer a portion of its share of the Brexit Adjustment Reserve to its plan (€504 million). With these funds, the overall EU financial contribution to the French amended plan amounts to €40.2 billion in grants, with the rest to be covered by national means. France has not requested loans. The RRF resources allocated to France represent 5.3 % of the entire RRF resources for the EU, and 1.6 % of the country's GDP in 2019 (the RRF representing 5.2 % of EU-27 GDP in 2019). Measures under the plan are to be completed by 2026. So far, France has received €23.4 billion. The next payments will depend on progress in implementing the plan. The European Parliament, which was a major advocate of the creation of a common EU recovery instrument, participates in interinstitutional forums for cooperation and discussion on its implementation and scrutinises the European Commission's work. This briefing is one in a series covering all EU Member States. Fourth edition. The 'NGEU delivery' briefings are updated at key stages throughout the lifecycle of the plans.

This briefing is part of the series Next Generation EU (NGEU) delivery - How are the Member States doing?

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