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General access for our visitors: 11-12 June (9:30h - 18:30h) - 13 June (9:30h - 15:30h) FYCMA – Málaga
Europe’s most relevant congress around exponential technologies and business growth strategies
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11-13 JUNE 2024
MÁLAGA - FYCMA
11-13 JUNE 2024
MÁLAGA - FYCMA
The Next Generation EU fund is a European Recovery Fund that represents an injection for Spain of 140,000 million euros between transfers and loans. This economic endowment, equivalent to 11% of GDP, will be used to finance, as of 2021, projects in line with digital transformation, reindustrialization and the green pact in favour of clean energies.
To help repair the economic and social damage caused by the coronavirus pandemic, the European Commission, the European Parliament and EU leaders have agreed on a recovery plan that will lead the way out of the crisis and lay the foundations for a modern and more sustainable Europe.
Spain has the opportunity to accelerate its development and support new innovation and entrepreneurship ecosystems. The fund represents a real injection of money to support companies. But what is particularly relevant is that it will do so through projects of strategic value and, therefore, favoring the transformation of the economy.
The main objective of this type of support will focus on achieving climate neutrality. What type of projects can fit into this category? Proposals related to renewable energies, the reduction of pollution of air, water, soil or consumer products. Or even measures aimed at achieving a healthier and more sustainable production chain.
On the other hand, waste management and the circular economy also form part of this type of aid. As well as the promotion of sustainable mobility.
The European Union outlines six lines of action to support industrialization. These lines of action concern, above all, the automotive, energy, health and technology sectors. These strategic axes on which to focus investment projects should focus on cybersecurity, the Internet of Things, the creation of a European health data space, hydrogen technology, low-CO2 industry and connected and autonomous vehicles.
In relation to this type of aid, the European Commission defines its digitalization plans based on the following actions: improving connectivity, boosting e-commerce especially in SMEs, promoting efficient and responsible use of data as a driver of innovation, digitalization for the environment and transport, digitalization in the agri-food and health sector, developing an action plan focused on improving the connectivity of educational centres and a new cybersecurity strategy to boost cooperation, knowledge and capacity at the EU level to maintain the security of our digital infrastructure.
Any industry, any firm and any organisation with projects that fit within these three strategic axes will be a candidate for the NextGeneration EU funds. The most affected sectors by the Covid-19 crisis will be more sensitive to get these funds. We are talking about sectors such as industry, tourism, transport or health.
However, any project focused on business digitalisation, projects related to sustainability or to recover the rural areas will be very interested to be financed by these funds.