National Recovery Plan offers new support opportunities
To revive the Czech economy after the COVID-19 pandemic, the Ministry of Industry and Trade has prepared the National Recovery Plan, a set of reforms and investments aiming to support Czech businesses and to reignite and modernise the Czech economy.
The National Recovery Plan will be implemented by the Czech Republic from the European Recovery and Resilience Facility. The NRP primarily aims to revive the domestic economy after the negative impacts of the COVID-19 pandemic, accelerate the digital and green transition, and strengthen the productivity, competitiveness and resilience of the economy. In total, around CZK 180 billion will be available for areas such as digitisation, sustainable energy and safe transport, decarbonisation, clean mobility, etc. The NRP consists of the six following pillars:
- digital transformation
- physical infrastructure and green transition research, development, and innovation
- institutions, regulation, and business support in response to COVID-19 education and labour market
- public health and resilience.
The National Recovery Plan has already been approved by the government and the European Commission, and the first calls for subsidies are now expected to be announced. Calls for the installation of photovoltaic power plants, water saving in enterprises, and circular economies in enterprises are expected to be announced during October; calls to participate in projects focusing on electromobility, digital high-capacity networks and digital enterprises towards the end of this year.
All the above calls should also be available to large enterprises. Moreover, projects can also be implemented in the territory of the capital city of Prague, except for projects under the Digital Enterprise call.
We will keep you informed about the announcement of the individual calls.