The digitalisation of European businesses is essential for future competitiveness and economic growth. It enables companies to innovate products, services, processes and business models.
Many European companies had to fast-track digitalisation with little preparation or planning due to lock down restrictions. Although they quickly adapted business models and took up new digital technologies, more needs to be done for European companies to become more digitally able and resilient to shocks
The guide below (.pdf) outlines 6 funding programmes to guide Member States and advise companies.
- Horizon Europe
- Digital Europe Programme
- European Regional Development Fund
- Connecting Europe Facility
- Recovery and Resilience Facility
These opportunities will help Europe accelerate the digital transformation of businesses – a necessity in the digital economy and a cardinal point in the Digital Compass: the European way for the digital decade. The Compass includes 2 ambitious targets for 2030:
- 75% of EU companies using Cloud/AI/Big Data
- More than 90% of SMEs reach at least a basic level of digital intensity
These targets aim to focus investments and reforms to make Europe fit for the digital age, thereby strengthening European market competitiveness and prosperity.