The European Union has launched the Next Generation EU, an extraordinary instrument for the European Union to address the unprecedented crisis caused by COVID-19. This Plan consists of tools that total EUR 750 billion, which the European Commission will have to collect from financial markets through debt issues, using the Multiannual Financial Framework (MFF) as a guarantee.
At the same time, Member States must elaborate their national recovery plans aligned with the EU’s objectives. As such, this Recovery Plan offers Spain a unique opportunity to promote an economic and social model based on growth and sustainability. Following the devastating impact and the consequences of the COVID-19 pandemic, companies must urgently optimize the use of these EU funds for their economic recovery.
The Spanish government’s Recovery, Transformation, and Resilience Plan aims to transform the Spanish economy. It will be receiving EUR 140 billion from the NGEU Recovery Fund, between non-reimbursable transfers and loans. An essential element to these is the Strategic Projects for Economic Recovery and Transformation, known as “PERTEs.” A novelty public-private partnership instrument, their exact details are still unclear, yet they are described as a driving force for transformation and establishing a State Registry for parties interested in the PERTEs.
We understand how complex the situation is, as navigating the EU jungle is now paired with our national roadmap and hurdles. Through our experience, we have learned what companies need to know and how to pack the relevant information so that benefits are maximized, and time is efficiently spent on key priorities.
To this end, three basic needs should be considered in its course of action: real-time information on the configuration of this mechanism; an ad hoc analysis of your sector, with tailored advice; and, once the information has been analyzed, building a targeted relationship strategy to engage with influential key stakeholders.
As the only Spanish Public Affairs company with an office and over five-year presence in Brussels, at ATREVIA we aim to help organizations in such a decisive process. We have launched a new European Fund Monitoring service. A few steps from the EU Parliament, our Public Affairs team, managed by Manuel Mostaza Barrios, guarantees a solid, daily, and continuous presence in the complex political ecosystem.
Do you want to know more about the needs and considerations that companies and organizations should contemplate and how ATREVIA can help every step?
If you would like to know more, please contact:
Manuel Mostaza | ATREVIA Public Affairs global manager
