The Austrian Recovery & Resilience Plan consists of measures designed to tackle the Covid-related economic crisis.
The plan is divided into four main pillars:
1) Sustainable development
2) Digital development
3) Knowledge-based development
4) Just development.
The implementation of the measures of the plan will require an investment of EUR 4.5 billion over the period 2020-2026. All measures will be implemented by 31 August 2026 at the latest.
The second pillar of the plan consists in expanding the digitalisation of the economy thanks to:
- Broadband expansion
- Digitalisation of schools
- Digitalisation of public administration
- Digitalisation and greening of businesses.
The second pillar's total budget ise EUR 605 million, of which EUR 32 million will be allocated to SMEs.