BROSETA reflects on recovery funds in the Community of Valencia

BROSETA, through its working group BROSETA NextGen, has held a webinar in which Juan Ángel Poyatos, Director General for the Coordination of Action of the Government of the Generalitat Valenciana, participated. The aim of the webinar was to look in depth at the Valencian Strategy for Recovery in the context of the recovery and resilience plan launched in July by the European Union (EU).

The conference was presented by Rosa Vidal and Nuria Arenas, managing partner of BROSETA and partner of the firm respectively, both responsible for advising on aid for special projects, who emphasised the crucial moment we are in, both on a social and business level, and the importance of the EU Member States working over the coming months to establish mechanisms and projects that will help to generate employment, save companies and reactivate economies in a transformative manner and under the focus of competitiveness.

For his part, Juan Ángel Poyatos pointed out during his speech some of the main characteristics of the Next Generation EU recovery instrument, which brings together an unprecedented volume of funds for Spain and the Valencian Community, pointing to this as “a unique opportunity, but also a colossal administrative challenge for which the Spanish Government and the Generalitat are taking the appropriate steps”.

The Director General of the Valencian Administration has also developed the “Plan España Puede”, approved by the Government to adapt the recovery strategy to the country’s needs, and structured in 4 main areas (Green Spain, Digital Spain, Spain without gender gaps, Cohesive and Inclusive Spain), 10 leverage policies and 30 lines of action.

Likewise, Juan Ángel Poyatos has outlined some of the essential principles of the forthcoming Valencian Recovery Strategy, in which, based on a number of strategic pillars, the Government of Valencia is working to directly attract the greatest amount of resources, support Valencian public and private organisations so that they can obtain more resources, attract direct EU funding and influence direct investments from the General Administration.

Poyatos has highlighted the transformative nature that the projects to be financed must have, in which public-private collaboration is incorporated, and districts are combined with investment, training and research instruments, and are ambitious and affect the entire value chain.