09 July 2020 – Shock Plan for Science and Innovation

Type of Intervention: Financial and Economic
Sectors Involved: Research and Development, Private Sector and Businesses
Intervention Categories: Planning and strategy; Creation of or release of plans; Finance policy and financial aid; Stimulus packages and financial support
Level of Jurisdiction: National
Lead People/Agency: Presidency, Ministry for Ecological Transition and Demographic Challenge, Ministry for Industry, Trade and Tourism, Ministry for Science and Innovation and Ministry for Universities.

Overview: Action Plan for Science and Innovation with 1.06 billion euros in direct investment presented
The President of the Government, Pedro Sánchez, has presented the Action Plan for Science and Innovation, which places science, RDI and talent at the heart of the recovery strategy after a decade of cuts and a lack of reforms. This Plan will help science and innovation head up solutions to the COVID-19 crisis, but will also enable the creation of industries and competitive companies with high added value.
The Plan includes 17 measures based on three cornerstones: research and innovation in health, the transformation of the science system and attracting talent, and driving business RDI and the science industry.
This Action Plan for Science and Innovation provides for investments for the sum of 1.06 billion euros, of which 396.1 million will be disbursed this year and the rest in 2021. The budget will be channelled through direct support for the science and innovation system, both for scientific institutions and RDI in strategic business sectors. In addition to this investment, there is a provision for 508 million euros in loans under advantageous conditions for innovative companies, as well as new instruments to promote private RDI.
First cornerstone: Research and Innovation in Health, with a provision of 215.9 million euros
Second cornerstone: Transformation of Science System and attracting and keeping talent, with a provision of 523.5 million euros
Third cornerstone: Boosting RDI, with a provision of 317 million euros and another 508 million euros in loans to companies

Full details here: https://www.ciencia.gob.es/portal/site/MICINN/menuitem.edc7f2029a2be27d7010721001432ea0/?vgnextoid=85931c2032f23710VgnVCM1000001d04140aRCRD

Other links: 1
Type of Justification: Advice of INTERNAL government advisory committee or group
Source of Evidence or Justification: National – government