Austrian Recovery & Resilience Plan / 2. Digital construction / Digitalisation and greening of businesses

Country / jurisdiction: Austria · Year: 2021 · Status: In force · Level: National · Type: Voluntary

The Austrian Recovery & Resilience Plan consists of measures designed to tackle the Covid-related economic crisis.

The plan is divided into four main pillars:

1) Sustainable development

2) Digital development

3) Knowledge-based development

4) Just development.

The implementation of the measures of the plan will require an investment of EUR 4.5 billion over the period 2020-2026. All measures will be implemented by 31 August 2026 at the latest.

The second pillar of the plan consists in expanding the digitalisation of the economy thanks to:

- Broadband expansion

- Digitalisation of schools

- Digitalisation of public administration

- Digitalisation and greening of businesses.

The second pillar's total budget ise EUR 605 million, of which EUR 32 million will be allocated to SMEs.

Official source: https://www.oesterreich.gv.at/nachrichten/allgemein/EU-Aufbauplan.html