A more resilient Europe
2020 will go down as the year in which the heads of state and government of the European Union reached an agreement on the 2021-2027 budget (more than 1.8 trillion euros) and the NextGenerationEU recovery instrument.
Following the coronavirus pandemic and to ensure a lasting, homogeneous, inclusive and fair recovery of all the Member States, the European Commission created a new temporary recovery instrument, called NextGenerationEU. The 750-billion instrument as well as targeted reinforcements to the long-term EU budget for 2021-2027 will bring the total financial firepower of the European Union’s budget to 1.8 trillion.
This historic recovery programme will support the green and digital transitions in a decisive way, with a reduction of our CO2 emissions by at least 55% by 2020, with the irreversible decision to borrow, invest and reform together, and with long-term objectives for a stronger Europe that can make a more effective contribution to a fairer world.
The Brussels-Capital Region is already reflecting on and preparing the 2021-2027 programming, based on the information that is available at this stage. As such, it is already planning to launch a first call for projects by the end of 2021.