This PERTE has an investment of 492 million euros in aid, which is expected to mobilise more than 1.2 billion by 2026. It seeks to accelerate the transition towards a more efficient and sustainable production system in the use of commodities by optimising resources and minimising waste.
The circular economy will generate at least 70,000 jobs in Spain related to the recycling, repair and service sectors, and will reduce the Spanish economy's external dependence on commodities.
Most of the subsidies will go to sectors that are addressing sustainability challenges, such as textiles, plastics and capital goods for renewable energy. The aid will also promote eco-design, reuse and waste management, and the digitalisation of companies to improve competitiveness and innovation.
This strategic project focuses on two lines of action:
- Actions on key sectors: textiles, plastics and capital goods for the renewable energy industry.
- Transversal actions to promote the circular economy in the business world. It includes aid aimed at projects to promote the circular economy in any sector that requires support to complement its efforts. The aid will be distributed in four categories aimed at the reduction of commodity consumption, the development of eco-design, waste management and digitalisation.
This Circular Economy PERTE shares synergies with others that have already been rolled out such as Renewable Energies, Renewable Hydrogen and Storage (ERHA), Agri-food, and Electric and Connected Vehicles.