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European Funds FAQs
What are the European Next Generation funds?
After the crisis caused by COVID-19, in July the European Council approved the Next Generation EU Funds (NGEU), a European Recovery Plan provisioned with 750 billion euros that will be used to reactivate the European economy and promote its transformation, especially in the areas of digitisation and sustainability. Of which, 390 billions will be in grants, which do not have to be repaid nor will they be included capital deficit or debt calculations, and 360 billion more in loans.