.

1. The Covid-19 crisis, European Funds and Budget
The European Union (EU) response to the economic and social impact of the
pandemic has been rapid and robust.
Multiannual financial framework
2021 – 2027 (MFF)
€1,074.3 billion
European recovery plan
Next Generation EU
Temporary emergency instrument to accelerate sustainable recovery
in the EU
€750 billion
The European Recovery and Resilience Facility (Next Generation EU) is an important step
in the European construction process, most notably in the design and implementation of
common fiscal policy elements.
Distribution of the (RRF) non-reimbursable
funds
Billion €
The efficient allocation of the funds towards productive investments and their
adequate implementation and governance, combined with transparency in the
process, are the necessary conditions for achieving the greatest possible impact in
terms of growth potential and employment.
Estimated impact of the allocation of the RRF
funds on Spain’s GDP
Source: Círculo de Empresarios, Equipo Económico (Ee) and European Commission, 2021
EUROPEAN FUNDS – AN OPPORTUNITY WE
MUST TAKE ADVANTAGE OF
The 3 pillars of targeted investment
Energy transition
Digitization
Reindustrialization
Decarbonization
Energy
Efficiency
The Circular
Economy
Creation of a single European market for public and private data
Cybersecurity
The
Internet of
Things
Autonomous
vehicles
Other funds
SURE, EIB, European Stability Mechanism (ESM-MEDE) + transfers
for the Coronavirus Response Investment Initiative (CRII and CRII+)
> €870 billion
2021-2027
Next
Generation
EU
3 years
360
750
390
subsidies
loans
European Recovery Plan
Billion €
Recovery and
Resilience
Facility (RRF)
672.5
47.5
7.5
10
5.6
5
1.9
REACT-EU
Resc EU
Horizon Europe
Invest EU
Program
Rural
Development
Program
Just Transition
Mechanism
Forward scheduling for the allocation and recovery
of funds
Jul
2020
Dec
2020
April
2020
2021
2022
Approval of
the plan
Ratification by the
European
Parliament and
Council
Presentation
of the
projects
Allocation
of 70% of
the RRF
funds
2028-
2058
Debt
repayment
acquired in
capital markets
2023
Allocation
of the
remaining
30% of the
RRF funds
Poland
23.9
Germany
25.6
Spain
69.5
France
39.4
Italy
68.9
Breakdown of the distribution of the non-
reimbursable transfers from the National
Budget by Ministry
Billion €
Non-reimbursable funds RRF
(current prices; billion €)
1 34.5 70
Project selection
With rigor and based on technical criteria, with
participation from the private sector.
Governance System
Consistency with the legal system and regulatory
framework to guarantee legal security.
Coordination between Public Administrations
Avoid overlaps and delays in execution.
Evaluation
Know the effectiveness of investments.
Transparency and dissemination
Calls for grants with scope and availability
for companies of all sizes.
Structural reforms
Execution in parallel with investments to improve the
business environment, increase competitiveness and
generate growth and quality employment.
Parliamentary support
Majority to guarantee society's commitment to a shared
strategy.
Weight of the State in the economy
Return to pre-pandemic levels in parallel with the
recovery process.
Fiscal consolidation
Commitment to bring public debt to sustainable levels in
the medium term.
Círculo de Empresarios suggestions
1.6
2.4
3.5
1.8
3.3
4.9
0
1
2
3
4
5
2021 2022 2023
Central scenario (60% execution)
High execution scenario (70%)
6.8
4.9
3.6
1.8
1.7
Ministry of Ecological Transition
Transport Mobility
Economic Affairs
Education and Vocational Training
Industry, Tourism and Commerce
Labor and Social Economy
Science and Innovation