24/05/2021 digic

How are the EU recovery funds helping Europe’s digital transformation?

The transition to a digital world is a key element in the EU’s pandemic recovery plan. At the heart of the plan is the €672.5 billion Recovery and Resilience Facility will be spent on public investments and reforms.

To access the money, member states have submitted national recovery plans earmarking 20% of the money for initiatives to digitise their economies.

To make sure everyone benefits, the EU wants to see investment in ultra-fast broadband, training people in digital skills, helping start-ups and small businesses innovate and grow, and using technology to become climate-neutral.

Investing in the digital transition is very important: “You can improve through digital how the public administration works, how the healthcare system works, how companies are competitive and working.”

The pandemic has shown how how connectivity problems exacerbated social differences, such as in learning from home for children and young people. “We have to seize the opportunity to reduce and the digital divide. It’s now or never.”

Source: euronews

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