We have all probably been surprised by the complexity of the Type D checks that commercial aircraft are subjected to every six years. All parts are disassembled and reassembled; even the paint must be removed and reapplied. Something similar happens after a major incident or downtime.
The crisis caused by COVID-19 has had an impact of such dimension that it has forced the main economies and the EU to restart economic activation mobilizing all possible resources. But it is not about going back to the previous situation, but about provoking structural changes based on economic resilience, the sustainability, the digitization, the competitiveness and the job.
The Strategic Projects for Economic Recovery and Transformation (PERTE) have become in Spain the star measure of the actions to be developed within the framework of the money Next Generation. Some funds that we remember will activate 750,000 million euros, of which Spain corresponds to 140,000, with a commitment to a concentration of the effort between 2021-2023. All this within the framework of a global mobilization of 1.8 million euros what does he have European Economic Recovery Plan approved by the Council on July 21, 2020.
But how to build a PERTE? In a production process, there are three phases to take into account: collection, synthesis or assembly, and processing.
The collection starts with the sketches, the design, the logistics and the preparation. We are in the phase analytics, where we must bear in mind that our project must be called create competitive and carry-over processes. Furthermore, it must be impregnated with the two fundamental vectors of all EU policies within the current Multiannual Financial Framework: the ecological transition and the challenge of digitization, to build a more efficient and competitive economy. Added to them are objectives of social and territorial cohesion and gender equality in which he delves into the Spanish Plan.
The frame rises with a draft well defined, a budget sure, some deadlines perfectly timed execution, some partners and one financial structure clear and realistic. A project capable of joining the efforts of diverse actors and that suppose a quantitative and qualitative impact. It is about creating a true value chain.
The assembly begins with the installation of the main components: alignment with the objectives of the EU Recovery and Resilience Plan and with the National Recovery, Transformation and Resilience Plan of Spain, approved on June 16 by the European Commission by a value of 69,500 million euros.
The optimization of a production process assumes that the sum of the parts wins in the process with multiplier effect. This value chain will be determined by the ability to generate alliances between the fields public and private, the introduction of innovation, especially the R + D + i and its strategic nature.
The testing and verification of the assembly will be determined by the opportunity of the project to cover an area of insufficient initiative or investment capacity, significant externalities or market failures.
It is true that some actors have valued the complexity of the PERTE by pointing out some areas of shadow and ambiguity in the logic of a new instrument. This is derived from the concern for alchemy that will determine participation in them and their way of execution. But we are, without a doubt, facing a paradigm shift determined by the need to provoke a structural change in organizational and productive areas.
Avoiding corrosion and the effects of the passage of time is a goal shared by this instrument; the PERTEs have come to stayThey have a clear vocation of permanence that transcends the rest of the instruments, and therefore their significance will be structural.
The hangars of this assembled complex are a shared place that supposes an enormous effort both for companies, administrations, and for the consultancies that we work in the definition of this type of projects. On LABE We are immersed in this task from the conviction of the opportunity it represents to undertake a transformation of our economy. It is about creating a new dynamic of collaboration between companies and administrations and the improvement and agility of the management of this type of funds itself.
Taking off with the guarantee of a job well done requires experience, ambition and, at the same time, the capacity to adapt to new instruments that are operationally defined in real time. Being able to offer the best job is helping resources have the best possible destination. The PERTE transcend a recovery plan. Great is the challenge.
Guillermo Martinez is Director of Projects and Institutional Relations at Labe Abogados.