Recovery, resilience plan pays out €1.847B so far
In total, 182,915 applications have been submitted to the RRP and 128,016 have been approved. The implementation of the plan follows 17% of the milestones and targets contracted with the EC.
Beneficiaries of the Recovery and Resilience Plan (RRP) received €1.847 billion until Wednesday, which corresponds to 11% of the total, according to the latest monitoring report.
The largest payments went to public entities, with €574 million, companies, with €361 million, and state enterprises, with €299 million. They are followed by schools (€218 million), families (€137 million) and municipalities and metropolitan areas (€123 million).
At the bottom of the table are institutions of higher education (€67 million), institutions of the solidarity and social economy (€44 million) and institutions of the science and technology system (€23 million).
Approvals in turn amount to €13.043 billion, 78% of the total. With the largest amounts approved until 17 May, were public entities (€4.182 billion), private companies (€3.534 billion), state enterprises (€2.235 billion) and municipalities and metropolitan areas (€1.306 billion).
Then come higher education institutions (€622 million), schools (€369 million), social and solidarity economy institutions (€316 million) and science and technology institutions (€315 million). Last but not least are the families, with €165 million approved.
In total, 182,915 applications have been submitted to the RRP and 128,016 have been approved. The implementation of the plan follows 17% of the milestones and targets contracted with the European Commission.
The total amount of the RRP (€16.644 billion), managed by the Recuperate Portugal Mission Structure, is divided by its three structuring dimensions – resilience (€11.125 billion), climate transition (€3.059 billion) and digital transition (€2.460 billion).
The three dimensions of the plan have a 100% contracting rate. Of the total allocation, around €13.9 billion corresponds to grants and €2.7 billion to loans.
This plan, which has an execution period until 2026, aims to implement a set of reforms and investments with a view to the recovery of economic growth.
Besides having the objective of repairing the damage caused by Covid-19, this plan also has the purpose of supporting investments and generating employment.