Recovery Plan (April 02-08, 2022)

Last week, the President of the Government announced a new Strategic Plan for Boosting the Microchips and Semiconductors Industry (#PERTE), involving over 11 billion euros in public investment. 

This plan aims to position Spain at the forefront of industrial and technological progress in this crucial field.As part of the Recovery Plan framework, the Ministry of Industry introduced the Industrial Entrepreneurship Support Program, endowed with 75 million euros to promote growth and competitiveness among small and medium-sized enterprises (SMEs) in the industrial sector.Additionally, funding transfers were agreed upon to support various regions:

• Expansion of the MOVES III Plan with an investment of 125 million euros.
• Enhancement of Active Employment Policies, totaling over 2.7 billion euros, including 383 million specifically from the Recovery Plan.
• Improvement of digital competence in education with an investment of 285 million euros.
• Implementation of programs for personal and family support and guidance for educationally vulnerable students, with 39 million euros allocated to educational and psychopedagogical services in school zones and rural clusters.
• Support for the cultural industry with an investment of 115 million euros.

These measures aim to strengthen key sectors of the Spanish economy and promote sustainable development and economic recovery in the post-pandemic context.

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