Due to the economic effects of COVID-19, the European Union (EU) has increased the Multiannual Financial Framework (MFF) for 2021-2017 in 750 billion euros. This extraordinary event, which adds to the 1,074.3 billion euros previously approved, is called NextGenerationEU: a temporary recovery instrument to repair the economic and social damaged caused by the COVID19 pandemic approved in December 2020.

NextGeneratioEU will be the largest stimulus package ever financed through the EU Budget, contributing to a greener, more digital and more resilient post-COVID19 Europe.

Source: EU Commission

All in all, information so far indicated that the agri-food sector will play an important role in the NextGenerationEU, in Spain and potentially in other EU countries. Innovarum, as an innovation technical agent in the bioeconomy and the agri-food sector, will be ready to face the challenge and to support entities interested in making the most of it as well.

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