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Next Generation EU: Pandemic Recovery Plan to build a greener, more innovative, stronger Europe

NextGenerationEU: Pandemic recovery plan for a stronger Europe that is greener and robust than ever before.

 

 

Assisting businesses in their shift towards the future.

The pandemic recovery plan, known as NextGenerationEU, goes beyond just a simple plan for recovery.

With over €800 billion on the table, its primary goal is to transform the EU into a more resilient, innovative, digital and sustainable economy.

At Deloitte, we are committed to supporting this vision by employing our globally connected expertise and knowledge across various disciplines. We can assist in establishing the necessary groundwork for progress by aiding companies and government agencies in accessing European Union funds, as well as guiding them through the process of sustainable and digital transformation. Together, we can help shape a future Europe that is more resilient, sustainable, technologically advanced, and inclusive

NextGenerationEU: an overview

 

NGEU has one of the most extensive Next Generation EU fund stimulus packages ever financed for a greener, more digital, more resilient Europe supporting the Recovery plan for Europe.

The Multiannual Financial Framework (2021-2027) and the NGEU total €1.9 trillion (in current prices), the most significant stimulus package ever financed by the EU. Within this, the Next Generation EU fund is a package of European Union funds, with an investment pot totalling €723.8 billion (in current prices).

This unprecedented European recovery fund will support the post-pandemic economic and social revamp and trigger a greener transition that's more digital and better prepared for challenges now and in the future.

Read our latest report here.

Business leaders see the EU’s role as crucial to accomplishing the transition to a more resilient, innovative, digital, and sustainable economy.

Futureproofing Europe: How the NextGenerationEU programme is inspiring companies to transform, July 2023

Three Pillars for Europe’s future

 

The Next Generation EU stimulus package will help enable collaboration and joint commitment within the member states by providing the necessary EU business funding. This will revitalize their economies and lay the foundations for a more digital-friendly, greener, and inclusive Europe that will help them face future challenges with a greater sense of unity.

A significant portion of the Next Generation EU funding will be allocated to sustain a digitally focused growth strategy. It can increase its equitability by introducing innovations that enhance citizens' welfare and support economic resilience.

EU priorities mainly centre on:

  • Building a real data-driven economy as a catalyst for innovation and job creation
  • Supporting improved connectivity and deploying cutting edge and resilient digital infrastructures (e.g. 5G)
  • Enhancing the digitalization and innovation of Public Administration (including judicial and healthcare system)
  • Favouring the digital transition of enterprises
  • Improving capabilities in crucial sectors leveraging digital capabilities (e.g. AI, cloud and cybersecurity)
  • Adapting the education systems to support digital skills and facilitating reskill and upskill.

"67% of EU executives interviewed see innovation as the most crucial business priority."
Futureproofing Europe: How the NextGenerationEU programme is inspiring companies to transform, July 2023

Discover more on Digital transformation

The EU has developed a new strategy to address climate and environmental challenges that will help a transition to a modern, competitive, and resource-efficient economic model.

It involves separating economic growth from resource use and net greenhouse gas emissions no longer generated.

NGEU will play a key role in making Europe the first climate-neutral continent within 2050 by:

  • Investing in future-proof clean technologies
  • Improving energy efficiency of public and private buildings
  • Promoting sustainable, accessible, and smart public and private transportation
  • Enabling a more circular economy
  • Supporting the transition towards renewable energy sources

"European business leaders recognize the crucial role of NGEU in the environmental transition: half of them believe that if further funds are available, sustainability should be considered as the most crucial area to be financed."
Futureproofing Europe: How the NextGenerationEU programme is inspiring companies to transform, July 2023

Discover more on Green transition

The Europe of tomorrow will reduce any social inequality and disparity to create a more unified model. NGEU will support medium-term investments and reforms promoting social resilience in EU member states, as well as aiming to reduce social disparity by implementing the following:

  • Ensuring a homogeneous level of services to all EU citizens
  • Improving labour policies
  • Modernizing labour market systems
  • Supporting social inclusion and reducing social gaps
  • Investing in modern social and educational infrastructures

"30% of the business leaders interviewed think that education and training should be the primary areas of focus if further NGEU funding were made available."
Futureproofing Europe: How the NextGenerationEU programme is inspiring companies to transform, July 2023

 

How we can help

 

We can help business communities and institutions uncover and take advantage of NGEU opportunities

Digital transformation

Deloitte provides a complete set of deep-digital transformation solutions, which improve efficiency, power new products and services, enable new business models, and blur the boundaries between leveraging cutting-edge technological expertise. They also strengthen the Single Market by adapting it for the digital age.

Green transition and sustainability

Deloitte helps companies implement large-scale green transition projects. We focus on carbon footprint emissions, supporting the definition and deployment of decarbonization strategies, promoting a circular economy and sustainable development, and managing regulatory compliance. All this is part of a European recovery strategy for a greener, more sustainable Europe.

Education and workforce transformation

Deloitte promotes the pivotal role of education in developing our clients' workforces, helping achieve business success, even in times of disruption and digital transformation. We help to reskill and upskill the workforce and implement them actions to future proof your workforce.

Infrastructure and mobility

Deloitte provides advisory services and state-of-the-art technology solutions to help companies improve operations, optimize resources, and enhance the traveller experience, whether they manage infrastructure or offer mobility services. We aim to power a new age of mobility to meet shifting customer needs better.

Health transformation

Deloitte supports the health sector in large transformational projects leveraging data and expanding the provision of e-health services. We are helping to promote a new model of care by connecting patients to health service providers through integrated platforms and digital solutions, meeting the demands of a transforming healthcare system.

Grants, incentives and funding

Deloitte helps companies understand, identify, and prioritize the right incentives and funding opportunities. We'll develop an effective strategy for cross-border operations while effectively executing and monitoring the funding processes. We have all the expertise to help you benefit from emerging financing opportunities.

Discover more on how to leverage NGEU opportunities and on how Deloitte can help you access funding and ensure a successful transformation.

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