Xunta addresses with the European Commission the implementation status of the Recovery and Resilience Mechanism
— The new edition of the cycle of virtual meetings “FGE | NextGeneratiOn Galicia”, organized by the Fundación Galicia Europa, shows the status and prospects of the recovery funds to the Galician administration.
Brussels, 14th October, 2022. The Galicia Europa Foundation (FGE) held the ninth virtual meeting of 2022, the last of the year, as part of its “FGE | NextGeneratiOn Galicia” cycle. On this occasion, the topic to be discussed was the funding of the Recovery and Resilience Mechanism (RRM) alongside Isabel Lara, from the European Commission, and Ángel Tarrío, Director General of Cohesion Policy and European Funds of the Xunta de Galicia.
The MMR began to be implemented in 2021, as a joint response of the European Union to the economic crisis caused by the Covid-19 pandemic, being Spain the first country to receive these resources, with 164 billion euros available to be executed until 2026. The European Commission is currently analyzing the third payment request submitted by Spain and is working on a modification of the National Recovery and Resilience Plan to integrate more than 7 billion euros extra derived from a technical adjustment and 2.6 billion euros to comply with the recommendations given within the European plan to reduce dependence on fossil fuels (RepowerEU).
Galicia has mobilized around 1 billion euros, transferred from the State through the MRRF. In relation to the industrial projects that the State is financing through the so-called PERTE, the Xunta de Galicia has been working for two years with the business network and knowledge centers in more than thirty completed projects to be able to access funding. These are strategic projects linked to the circular economy, new renewable energy sources, biotechnology, the agri-food sector and the mobility of the future.
Ana Ramos said: “Regions play a key role in the implementation of the MRR, and we continue to advocate for the establishment of effective collaborative mechanisms to ensure multilevel governance”.
Ana Ramos, director of the Brussels office of the Galicia Europa Foundation, highlighted the role of the regions in the implementation of the RRM, advocating multilevel governance “that guarantees an efficient distribution of resources and favors a PERTE adjusted to the needs of the business fabric”.