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Shipbuilding Perte aproved, "a historical opportunity" to relaunch the sector in Galicia

It will mobilize an investment of 1,460 million, with 310 million public, and will generate nearly 3,100 new Jobs

Council of Ministers has just approved the shipbuilding industry Strategic Project for Recovery and Economic Transformation (PERTE), which will have an investment of 1,460 million euros, from which 310 million will come from public sector. The plan is essential to advance in Galician shipyards update, which are already among the most competitive in Europe. "It is a historic opportunity," they hightlighted.

"With the PERTE we show Government's commitment to promoting Spanish shipbuilding industry, a strategic sector to contribute to Spanish and Europe industrial autonomy and promote its diversification and its sustainable, technological and digital development", said the Minister of Industry, Trade and Tourism, Reyes Maroto, after approving the Perte in the Council of Ministers. Maroto calculated around 3,100 jobs this initiative will help create. Most of these jobs will be concentrated "in peripheral regions, so the measure will also contribute to demographic challenge, another of the main policies on which the Recovery Plan pivots, to which the PERTE are also linked," said Maroto.

Spanish Government calculates this project will contribute to a 15% growth in competitiveness of the Spanish shipbuilding sector, as well as boosting the entire shipping activity in the country by 9%. The objective is to promote public-private co-operation to transform sector value chain, diversifying the activity, digitizing it, and promoting environmental sustainability and the training and qualification of its workers. For this, 310 million public funds will be allocated, which will activate a total of 1,460 million euros in investments, thus contributing to increasing shipbuilding industry weight and developing new capacities. There will be a multi-year line of aid, managed by the Ministry of Industry, whose purpose will be the granting of loans with a non-reimbursable tranche (aid in the form of a mixed loan and grant).
One of the elements that will become more important in this part is the low-emission ships development and shipbuilding sector diversification support towards marine renewable energies. In addition, the actions of this plan will involve digital qualification of over 5,000 employees. Shipbuilding industry employs, currently, 70,000 people and invoices around 7,500 million euros each year, with more than 20 shipyards capable to build large-volume ships, placing Spain as the second largest European power manufacturing these units, and number 9 at a worldwide level.

"We have in front of us a great opportunity to ensure and guide the future of shipbuilding industry towards activities with high added value, cutting-edge, digital and sustainable that contribute Spanish industrial sovereignty and energy transition", Ricardo Domínguez said, President of Navantia, a company which, in alliance with Windar (from Asturias), has made a strong entry into the marine renewables market.

In the same line Pymar explained. "El PERTE is going to be a historic opportunity to transform sector's value chain and ensure its future," said Almudena López del Pozo, CEO of the company, who also opted for a "necessary public-private co-operation" to strengthen a strategic sector. "After all the way walked thought on the Spanish industry value chain specialization, we cannot be left behind compared to our competitors", added the CEO of Pymar.

Source: Faro de Vigo

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