Spain wants EU Next Generation and CAP funds to supplement each other to boost agrifood sector

Agriculture Minister Luis Planas on Monday called for the Common Agricultural Policy (CAP) and the Next Generation funds to supplement each other and boost innovation in the Spanish agri-food sector. [EPA-EFE / ZIPI]

The Common Agricultural Policy (CAP) and Next Generation funds should supplement each other to boost innovation in the Spanish agrifood sector and help mitigate the economic side-effects of the COVID-19 pandemic, said Agriculture Minister Luis Planas on Monday, EURACTIV’s partner EFE reported.

In the framework of a workshop organised by EFE and KPMG in Madrid, Planas stressed that the CAP “needed a supplement” of aid for innovation and the Next Generation funds can provide this “extra” tool.

The budget the Spanish Ministry of Agriculture is managing –  €1.051 million- will be particularly relevant to help reach that target, Planas stressed.

Spain has recently approved an ambitious package of measures with the scope of transforming various economic sectors, including the “Proyecto Estratégico para la Recuperación y Transformación Económica” -Strategic Project for Economic Recovery and Transformation (PERTE).

The PERTE will be approved by the end of the year or beginning 2022, the minister explained, adding that it will be managed by Spain’s industry, trade and tourism industry.

He added that PERTE is a “necessary supplement” for the agrifood industry, and it is something which opens up “very good opportunities”.

The minister also stressed the importance of presenting supra-autonomous projects where “more than one actor” in the food chain “has a presence”.

In Spain, the minister recalled, unlike in other industrial sectors operated by “large groups”, “95% of the agrifood industry is made up of SMEs”.

(Fernando Heller | EuroEFE.EURACTIV.es)

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