Finland’s Recovery and Resilience Plan
EU Member States must present a national Recovery and Resilience Plan (RRP) in order to receive funding from the Recovery and Resilience Facility (RRF). The Plan forms part of the Sustainable Growth Programme for Finland.
For the Sustainable Growth Programme, the Government has selected investment projects and reforms that can achieve a long-term positive impact. The aim is to promote structural adjustment of the economy through particular packages of measures.
The preparatory work has focused on major packages with a significant impact rather than distributing resources among projects that are too small and have too little impact. The reforms are aimed at encouraging private investment and supporting systemic solutions.
Finland’s Recovery and Resilience Plan is centred on four priorities:
Finland’s Recovery and Resilience Plan was published on 26 May 2021. The European Commission published a positive assessment of Finland’s Recovery and Resilience Plan on 4 October 2021. The finance ministers of the EU Member States discussed Finland’s plan in their video conference on 28 October. The Council of the EU formally approved the plan by written procedure on 29 October 2021.
Finland's share of funding from the EU's Recovery and Resilience Facility will decrease to EUR 1.8 billion at current prices, because Finland’s economy has developed better than forecast. The Ministerial Working Group on Sustainable Growth in Finland has outlined how Finland's Recovery and Resilience Plan will be updated to reflect this change.
Finland will update its Recovery and Resilience Plan (press release 22 June 2022)
Ministerial working group's outline on updating the Recovery and Resilience Plan (22 June 2022, in Finnish)
Sustainable Growth Programme’s reforms and investments to start (press release 26 May 2021)
Finland's Recovery and Resilience Plan (in Finnish)
Proposal for an implementing decision and other EU documents (Commission website)