Ireland’s share of EU recovery fund to be cut by €352 million

New documents show the country’s allocation of €420m for 2023 has been cut down to just €68m

Daniel Murray

Political Correspondent @danieltmurray
21st March, 2021
Ireland’s share of EU recovery fund to be cut by €352 million
Paschal Donohoe was informed, the department said the cut was due to the “Commission’s latest economic forecast which indicates that our economy will not contract as much as expected in the period 2021-22

The European Commission is planning to slash Ireland's share of the EU‘s Covid-19 recovery fund by around €350 million on the back of better than expected GDP figures, the Business Post has learned.

Under the EU’s pandemic recovery plan, a €750 billion fund has been put together to help stimulate member states’ economies over the next three years. Ireland is due to get its first instalment of €853 million in grants for the...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Related Stories

Department of the Taoiseach spent €16.9 million on Covid-19 public communications in 2020

Ireland can’t boost its way out of pandemic, Nphet advisor says

One year on: what the experts say about how the pandemic will play out over winter

Desk sharing key to Central Bank’s return-to-office plans