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European recovery funds


Next Generation EU: European recovery funds

Project Trust AENOR

AENOR solutions to support your projects

AENOR Project Trust is a set of solutions that facilitate and place companies' projects in the best conditions for accessing financing funds. To achieve this, it offers companies certifications, training and specialist support so that their projects are in the best conditions to obtain the funds they apply for.  

Learn how to boost the confidence of your projects

 

AENOR Project Trust comprises, on the one hand, a new specific certification that guarantees the alignment of projects with one or more transversal pillars and axes defined in the Recovery Plan; and on the other hand, a series of widely recognised certifications that cover areas such as the environment (SDGs, carbon footprint, etc.), data management and gender equality, among others.  

 The objective is to put in place a layer of reliability to demonstrate technical solvency that makes it easier for agencies to assess, award funding and justify the alignment of a project with strategic axes. It will also provide support for possible future controls, reflecting a project's development in accordance with established criteria. The language of technical standards; be it UNE, CEN / CENELEC or ISO, is what is spoken in Europe and the world.

The Government's Recovery, Transformation and Resilience Plan is a great opportunity for Spanish companies. The European Commission's Next Generation EU recovery funds are helping to overcome the effects of the pandemic, building on the foundations needed to establish long-term competitiveness.

For more than 30 years, AENOR has been effectively supporting companies in our country to overcome major challenges, such as the quality problem in the 1980s, or more recently the fight against the crisis caused by coronavirus. We have created AENOR Project Trust to support organisations that need to generate confidence in the projects they submit to the Plan in a context such as the current one, which calls for recovery and reactivation of the economy.

Keys in the presentation of projects

Next Generation EU calendar

Next Generation calendar
Audit and monitoring of milestones and objectives

To ensure proper management, a comprehensive control and audit system will be established. In this regard, the Recovery Plan states that its design rests on two pillars. On the one hand, a system different from that used for the structural funds and other European funds, the objective of which is to control the objectives identified and, where applicable, correct irregularities. And, on the other hand, the audit systems in the Public Administrations, although reinforcing and adapting their approach. 

To do this, the control system will be deployed at three different levels: level 1, internal control of the implementing body; level 2, the independent body's internal control; and 3, the regime of national ex-post audits and controls. The General Comptroller of the State Administration (IGAE) is the Control Authority for the Recovery Mechanism in accordance with the provisions of article 21 of Royal Decree-Law 36/2020.

Amount of funds

The total sum requested by Spain amounts to €140,000 million, of which €70,000 are direct investments (based on specific projects) and the rest are loans.

The €70,000 million investments are articulated in two mechanisms: "Recovery and Resilience" (MRR), which is the most important, is the core of the Recovery Fund and has around €60,000 million earmarked for Spain and the React EU mechanism, with €12,000 million, the aim of which is to promote the ecological, digital and resilient recovery of the economy.

Spain will concentrate its investment mobilisation effort into the first three years (2021-23) to maximise its impact on the rapid reconstruction of the economy with plans that contribute to overcoming the crisis caused by coronavirus. Subsequently, the remaining €70,000 million in loans will be requested to complement the financing of ongoing projects.

Financing areas

digital transformation

The measures included in the plans and budgets are structured around four cross-cutting axes: ecological transition, digital transformation, social and territorial cohesion and gender equality. In turn, these four axes are projected into ten leverage policies that affect different areas of economic activity.

These levers are implemented in a total of thirty components that articulate investment and reform programmes. In total, the Plan includes up to 212 measures, of which 110 are investments and 102 reforms.



Course on European grant management.

NEXT GENERATION courses

Within the resources of AENOR Project trust, we have included a course on European grant management., training to identify the priority axes for the development of projects and the mechanisms for accessing the funding.