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The Knowledge-Sharing Platform

05 Jun 2020

EC publishes Policy Brief on the role of R&I in support of Europe’s Recovery

The European Commission has published a policy brief which presents the narrative on the role of research and innovation (R&I) in response to the Covid-19 crisis and six priority areas where efforts should focus, underpinned by examples. The paper highlights the critical role of R&I to ensure a sustainable and inclusive recovery, while boosting the resilience of Europe's production sectors, the competitiveness of European economies and the transformation of socio-economic systems.

The six priority areas are:

(1) The role of R&I as essential part of the coordinated EU response to the Covid-19 outbreak;

(2) R&I drive, enable and accelerate the digital and ecological transformation of our societies, with a focus on the European Green Deal;  

(3) In the  context of the current fiscal stance as a response to Covid-19, and in view of potential future crises, public investments in R&I should be prioritised;

(4) Investments in innovative SMEs (including start-ups) and midcaps are critical for the recovery;

(5) Incentives for firms to create capacity to maintain their economic activity and invest in people and in R&I during the crisis to build system wide resilience;

(6) R&I funding has been among the most impactful tools at EU level to tackle the Covid-19 outbreak.

Policy Brief

 

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