One year after the launch of the Recovery Plan, first projects are already starting, EAIC releases a new version of its flagship publication “NGEU Guide” with concrete projects showing how, on the ground, the EU recovery plan is materialising. CRIDO experts are the authors of the part concerning the Polish National Recovery Plan
Download the report: “NextGenerationEU Guide, for the industry to better understand and seize its opportunities”
Brussells, 29 June 2022. The European Association of Innovation Consultants (EAIC) launches the second update of the original report, NextGererationEU 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.
"We are already working on the next edition where we will make special mention of the adjustment of funds promised by the European Commission by the end of June" explains Alvarez. He also points out that the third edition will also include a special mention of the European Union's plan to end dependence on fossil fuels from Russia REPowerEU.
"The Commission has proposed to include specific amendments to the Next Generation EU Resilience and Recovery Mechanism (RRM) Regulation for Member States to include the REPowerEU Plan in their own national plans," Alvarez said.
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:
Download the report: “NextGenerationEU Guide, for the industry to better understand and seize its opportunities”
About EAIC
The European Association of Innovation Consultants (EAIC) gathers active Innovation Consultants in the field of European research and innovation projects. The group aims to facilitate the exchange and promotion of best practices and success stories, as well as to uphold professional skills and expertise in European RDI projects. Today, the group gathers 52 members, active in more than 29 countries around Europe.