At over €700 billion, the Covid recovery fund is the largest pot of money the EU has ever set up - but insufficient transparency and gaps in oversight were reported even before a penny was spent.
Ireland is allocated just under €1 billion but what's really happening to that money and who is keeping track of it?
Our team at Noteworthy is working with journalists from across Europe as part of the Recovery Files - a project led by Dutch investigative platform Follow the Money - to investigate if this funding is being used correctly and government promises are being kept.
WHAT YOUR FUNDING SUPPORTS
Until 2026, billions will be available to member states through the Covid-19 Recovery and Resilience Facility (RFF) to help revive the European economy after the pandemic.
From the offset, Follow the Money pointed out the fund’s weaknesses including dubious lobbying influence in some states and the faltering democratic process.
As part of this cross-border investigation, journalists from Noteworthy will map the Irish beneficiaries to find out if money is ending up in the right places and conditions are being met.
The fund is tied to ambitious plans and reforms. Our team will dive into the milestones that Ireland committed to meet to find out if the European Commission can keep its promise that public money will be spent appropriately.
OUR REPORTS TO DATE
- January 2023: Cash for reforms: €700 billion EU recovery fund sparks concern and criticism - Analysis finds that Ireland is among several member states who repackaged old promises in reform plans.
- March 2023: Govt transfers €150m in Brexit funding to post-Covid fund, to be spent in part on retrofitting - The Taoiseach said the Government “would have liked” to spend the money on businesses and the agricultural sector, but that it faced obstacles in doing so.
View the full series here>>
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