The Third Vice President and Minister of Economic Affairs and Digital Transformation, Nadia Calviño, has advanced this Thursday that the Executive is working on a Business Growth Law with the aim of eliminating obstacles and difficulties for companies to gain size, while approving ” coming soon “a plan for the digitization of SMEs with a budget of more than 2,600 million between 2021 and 2023, according to Europa Press.
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This plan will be linked to the digital skills and digitization plan for public administrations, thus completing the plans of the Spain Digital 2025 Agenda.
This was advanced during his speech at a Cepyme presentation of the yearbook of ‘Cepyme500’, the 500 leading Spanish SMEs in business growth, and ‘CreCepyme’, a new program in which multinationals protect 5 SMEs to help them increase its size, in which it has said that the Spanish business community is “exciting and impressive” and has stressed that it is “more urgent than ever” for SMEs to gain productivity and size.
For this reason, it has advanced that the Executive is working on a Business Growth Law to eliminate obstacles and difficulties that companies find to gain size, as part of the structural reforms of the Recovery, Transformation and Resilience Plan.
“A larger company scale means greater possibilities of internationalization, investing in human and technological capital to innovate and increase productivity and efficiency,” emphasized Calviño, emphasizing that this in turn contributes to increasing the country’s potential growth capacity.
Calviño has reviewed the battery of measures approved since March to mitigate the effects of the crisis, such as the ICO guarantees, which have mobilized 113,000 million euros; the royal decree law to extend the terms of the guarantees and raising the threshold to move to the Continuous Market from 500 to 1,000 million; the ERTE, with a “relatively stable” figure of 750,000 people or the unemployment benefit for the self-employed, with some 347,000 people still covered.
In addition, it has indicated that work continues to adapt the moratoriums in the payment of contributions, taxes, repayment of public loans and in the containment and reduction of fixed costs for companies, particularly for SMEs and the self-employed.
In this way, it has guaranteed the “decided support” of the Government to the most affected SMEs and sectors, for which measures will continue to be approved, such as “shortly” the royal decree law to eliminate bottlenecks and bureaucratic demands that have no value. added in terms of ensuring rigorous management of public resources.
2,600 million for digitization of SMEs
Similarly, he explained that a process of transformation and modernization has been launched with the Recovery, Transformation and Resilience Plan, digitization being one of the priorities, since 33% of the investment in said plan is allocated.
In this context, he recalled that in recent weeks the connectivity plan for 5G, the National Strategy for Artificial Intelligence, has been published and in “the last weeks or early next year” the remaining plans of the total of six will be published that contemplates the Digital Spain Agenda 2025 strategy.
With around 30 components, Calviño has detailed that the plan is specifically aimed at small and medium-sized companies with the reinforcement of financial support instruments for internationalization and geographic diversification.
Thus, it has announced that “soon” the plan for digitization of SMEs will be approved with a global budget of more than 2,600 million for the period 2021-2023 with four axes, which go through promoting scalable digitization programs to reach the maximum number of SMEs with basic equipment programs in digitization and connectivity, promote business and managerial training in digital skills and encourage the incorporation of digital transformation professionals in SMEs.
It also seeks to promote disruptive innovation, entrepreneurship in the digital field, and innovative clusters and associations, as well as establishing sectoral programs appropriate to the sectoral characteristics of industry, commerce and tourism.
After these details, he recalled that a large part of the support initiatives are already included in the 2021 Budgets project, hence the “importance” of its approval in the coming days to launch and deploy the plans “from 1 from January”.
“You are essential and necessary for our country and our future,” Calviño has emphasized regarding SMEs in the presence of the president of the employers’ association of this group, Gerardo Cuerva.
“Positive growth” in the fourth quarter
Regarding economic evolution, he highlighted that the risks that were identified have been mitigated by the appearance of the vaccine, the European agreement on the deployment of the Reconstruction Fund, the news about Brexit and the electoral results in the United States. He highlighted that geopolitical tensions have eased and that since hibernation it seems that it has been possible to “mitigate and minimize” the possible structural damage.
After the “positive” data of growth of 16.7% in the third quarter and the creation of 570,000 jobs, Calviño pointed out that the affiliations in October and November were “positive” and there is a “relatively positive” start in December, in addition to that “there are more self-employed members than before the pandemic.”
For this reason, despite the “high uncertainty”, he has stated that the impact of the second wave is “much lower” than that of the first and has maintained that the central scenario foresees “positive” growth in the fourth quarter of the year. “If we maintain the positive path, we will be able to recover in 2021,” he said.