The RRP and the companies
TI 11 - June 2021

Mário Vidal Genésio

Engineer
I

t is known that the RRP – recovery and resilience plan – is targeted to the public administration which will keep the largest amount of money, 12 out of 16 million euros. However, companies will also be able to capitalize through the products and services they manage to provide to the public sector.

They must be competitive and innovative in their products and services so as to be chosen in the competitions that are to be launched. They may be related to infrastructures, which will account for 760 million and will feature highways again, namely accesses to already existing ones, buildings for the health area, energetic efficiency, etc.

The investment of almost 400 million euros in hydric management returns and is particularly relevant for the supply of populations and agriculture. The investment in renewable sources of energy is also privileged, namely hydrogen production and distribution network. The investment package in the digitalization of public administration, accounting for 580 million euros, opens good perspectives. 5 million euros will be directed to support company development.  Around 1550 million come from Banco Português de Fomento and will be used to capitalize companies. This amount will be boosted by other mechanisms of the forthcoming 2030 Programme, so it is believed that much more money will be available to such an essential part of corporate life. There are still more than 1350 million euros to support Innovation in companies and the proximity to universities, polytechnic institutes and technological centres with common structuring and integrating strategies.

The more than 700 million euros aimed at companies’ decarburization aim to replace the use of fossil fuels by renewable energies, energetic efficiency, the adoption of circular economy and bioeconomy and the reduction of corporate environmental footprint, thus renewing productive processes. It also aims to open doors to new businesses in a country with so much forest and an underexplored exclusive maritime area.

There is also a considerable amount of investment in companies’ digital transition, namely in the usage of the internet of things and cloud computing, in which everything is connected in high-speed data networks, towards the usage of artificial intelligence in companies.

Amongst the areas of intervention of RPP there is the Qualification of Human Resources, counting with 630 million euros, another economy choke, as it is known there is a lack of skilled labour force to face the new challenges that companies are going through.

It is clear that the RPP is very welcome and there is great expectation in its execution. Several contests have already opened and many others are to be launched. It won’t solve all the problems but it will be a great help if companies know how to take advantage of the opportunities available.

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