# 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, Article 2: Financing of the Instrument and allocation of funds

Extent: E+W+S+N.I.

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.
For 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.
2. The amount referred to in paragraph 1 shall be allocated as follows:
(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:
(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;
(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;
(iii) up to EUR 1 900 million in 2018 prices for programmes related to civil protection;
(iv) up to EUR 5 000 million in 2018 prices for programmes related to research and innovation, including support through financial instruments;
(v) up to EUR 10 000 million in 2018 prices for programmes supporting territories in their transition towards a climate-neutral economy;
(vi) up to EUR 7 500 million in 2018 prices for development in rural areas;
(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;
(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.

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Source: https://www.legislation.gov.uk/eur/2020/2094/article/2 (the official version)
Page: https://openlegislation.uk/eu-regulation-2020-2094/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.