EU auditors warn of delays in spending the EU’s pandemic recovery fund, including the €56B earmarked for research and innovation
The European Court of Auditors (ECA), in Luxembourg. Photo credits: European Union
Halfway into the EU’s €724 billion Recovery and Resilience Facility (RRF), member states had drawn down less than a third of the money, according to a new report from the European Court of Auditors (ECA).
“Timely absorption of the RRF is essential: it helps to avoid bottlenecks in carrying out the measures towards the end of the Facility’s lifespan, and reduces the risk of inefficient and erroneous spending,” said Ivana Maletić, ECA member in charge of the audit.
The RRF, set up in 2021 to help member states recover from the COVID-19 pandemic, includes
Discover the latest in research funding every Tuesday with Funding Newswire. Dive into detailed articles with our monthly or yearly subscriptions or start with a free trial
NOTE: if you're a part of one of our Network member organisations, you get free access by signing up with your institutional email. Verify your eligibility here.
Receive the Funding Newswire each Tuesday, our Policy Bulletin each Thursday, and news about bridging Europe’s east-west innovation gap twice a month in The Widening. 
A unique international forum for public research organisations and companies to connect their external engagement with strategic interests around their R&D system.