The Recovery and Resilience Facility aims to support investments and reforms that are essential for the economic recovery of the European Union, to advance the green and digital transitions, and to strengthen the economic and social resilience of member states. The volume of support allocated to Estonia under this framework ranges from approximately 880 million to 1.1 billion euros. Traditionally, the objectives and scale of business support have been based on a political agreement regarding the distribution of structural funds. The current period, however, is entirely exceptional — both in scale and substance. In terms of scale, an additional approximately one billion euros is added on top of the usual allocation to support the recovery from the COVID-19 crisis. In terms of substance, these funds are being channelled into investments at turbo speed: decisions have already been made behind closed doors, draft regulations for business support schemes are being published during the summer holiday period, and the support measures and investments are set to be launched in September. This September. Three months from now. Simultaneously, all other business support instruments are also being activated — the 2021–2027 Structural Funds, the Just Transition Fund, REACT-EU, and the allocation of 1% of GDP to research and development within enterprises. Across these various funds, a total of 768 million euros is planned directly for businesses.
For more information, see www.rrf.ee — we will keep you updated and add all relevant links here as soon as possible.