{
  "url": "https://openlegislation.uk/eu-regulation-2020-2094/article-2",
  "json_url": "https://openlegislation.uk/eu-regulation-2020-2094/article-2.json",
  "legislation": "eur/2020/2094",
  "legislation_title": "Council Regulation (EU) 2020/2094 of 14 December 2020 establishing a European Union Recovery Instrument to support the recovery in the aftermath of the COVID-19 crisis",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2020-2094",
  "path": "article/2",
  "kind": "article",
  "number": "2",
  "heading": "Financing of the Instrument and allocation of funds",
  "text": "1. The Instrument shall be financed up to an amount of EUR 750 000 million in 2018 prices on the basis of the empowerment provided for in Article 5 of the Own Resources Decision.\nFor the purposes of implementation under the specific Union programmes, the amount referred to in the first subparagraph shall be adjusted on the basis of a fixed deflator of 2 % per year. For commitment appropriations that deflator shall apply to the annual instalments.\n2. The amount referred to in paragraph 1 shall be allocated as follows:\n(a) support of up to EUR 384 400 million in 2018 prices in the form of non-repayable support and repayable support through financial instruments shall be allocated as follows:\n(i) up to EUR 47 500 million in 2018 prices for structural and cohesion programmes of the multiannual financial framework 2014-2020 as reinforced until 2022, including support through financial instruments;\n(ii) up to EUR 312 500 million in 2018 prices for a programme financing recovery and economic and social resilience via support to reforms and investments;\n(iii) up to EUR 1 900 million in 2018 prices for programmes related to civil protection;\n(iv) up to EUR 5 000 million in 2018 prices for programmes related to research and innovation, including support through financial instruments;\n(v) up to EUR 10 000 million in 2018 prices for programmes supporting territories in their transition towards a climate-neutral economy;\n(vi) up to EUR 7 500 million in 2018 prices for development in rural areas;\n(b) up to EUR 360 000 million in 2018 prices in loans to Member States for a programme financing recovery and economic and social resilience via support to reforms and investments;\n(c) up to EUR 5 600 million in 2018 prices for provisioning for budgetary guarantees and related expenditure for programmes aiming at supporting investment operations in the field of Union internal policies.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2020/2094/article/2",
    "retrieved_at": "2026-11-01T14:42:12.596101+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}