Euskadi and Valencia Advance Regional Economic Growth Through Strategic Public Investments in Sustainability and Innovation
Euskadi reports over €4 billion impact from recovery funds focusing on sustainability and digitalization, while Valencia invests €4.5 million in ITENE to drive innovation in circular economy and logistics.
- • Euskadi’s Recovery and Resilience Facility funds impact exceeds €4 billion with a 77.7% resolution rate, higher than national average.
- • Over 25,000 SMEs benefit from MRR-funded projects in Euskadi emphasizing energy transition and digitalization.
- • Valencia plans to invest €4.5 million in ITENE, focusing on research and innovation in sustainable packaging and logistics.
- • Collaborations between public institutions and local companies in both regions boost technological advancement and economic recovery.
Key details
The Basque Country and Valencia are propelling regional economic development with focused investments in sustainability, innovation, and digital transformation. Euskadi has surpassed a €4 billion impact from the Recovery and Resilience Facility (MRR) funds, marking a historic milestone with a 77.7% fund resolution rate, exceeding the national average of 68.9%. Vicelehendakari Mikel Torres highlighted that €1.3 billion is managed by the Basque Government, fueling projects that benefit over 25,000 SMEs, with funds allocated across Alava (€843 million), Bizkaia (€1.49 billion), Gipuzkoa (€1.08 billion), and other entities executing regional initiatives. Additionally, Euskadi secured €1.435 billion (7.4% of the national total) from Strategic Projects for Economic Recovery (PERTES), targeting sectors like electric vehicles and renewable hydrogen, reinforcing the region’s transition to a greener and more digital economy.
Simultaneously, in Valencia, the Generalitat underscores the key role of ITENE, a technological institute specializing in research and innovation for sustainable packaging, waste valorization, and digital logistics. With a planned public investment of €4.5 million by 2025, ITENE has expanded its facilities and completed 238 R&D projects, 60% in partnership with local companies. Vice President Francisco José Gan Pampols emphasized the importance of public-private collaboration and innovation for economic recovery, highlighting the integration of biotechnology and space research within the Valencian industrial fabric.
This coordinated approach reflects a strong commitment by regional governments to apply European funds and institutional support towards transforming their economies into more sustainable, innovative, and competitive ecosystems, demonstrating effective management and strategic foresight in both Euskadi and Valencia.
This article was synthesized and translated from native language sources to provide English-speaking readers with local perspectives.