Today the EAIC releases the second update of its flagship report: “NextGenerationEU Guide, for the industry to better understand and seize its opportunities”. The first edition was released back in July 2021 when the first National Recovery Plans were being adopted by the European Commission.
Novelties of the second update
The guide includes a synthesis of the content of each National Recovery Plan, providing details on priorities for reforms and investments to help the recovery. Altogether, the 27 plans represent a total of €723 bn in grants or loans foreseen to be spent or lent over four years. Each country had indicated in their plan the share that will go to Green or Digital recovery, on average 37% and 20% will go respectively to these priorities.
The newly updated report includes fresh information on programmes and national calls that are programmed or are ongoing, “This report intends to give transparency on the opportunities that NGEU is offering to SMEs and Industries throughout Europe, showing how effective the EU recovery plan is” said Alex Alvarez, EAIC Board member and coordinator of the report.
IPCEI and REPowerEU
The guide also makes focus on the international cooperation through the Important Projects of Common European Interest (IPCEI) mechanism that allows member States to provide additional support in view of helping strategic European Value Chains. This mechanism was already used in the Semiconductor or foreseen in Batteries and Hydrogen before the pandemia but the COVID crisis has put stress on Europe’s dependency on foreign technology. This mechanism is welcome as it helps to finance with state aid further collaboration between several countries in research and innovation. 5 areas are covered by IPCEI: Microelectronics, Batteries, Decarbonisation & Hydrogen, Health, and Cloud Services.
The new update includes examples of projects that are already being kick-started exactly one year after the launch of the plan.
We can highlight a few examples of projects already being funded:
Click here to download the guide
Click here to download the Press Release.