On 15 March 2022, the Council of Ministers approved the Strategic Project for Economic Recovery and Transformation (PERTE) for the shipbuilding industry, a project based on public-private collaboration and focused on the transformation of its value chain through its diversification towards marine renewable energies and low-emission vessels, its digitalisation, the improvement of its environmental sustainability and the training of its employees.
The development of this project foresees a total investment of €1.46 billion with a public sector contribution of €310 million and a private investment of €1.15 billion. The Naval PERTE will contribute to the modernisation of the sector in Spain, increasing its competitiveness by around 15% and achieving an annual growth rate of 9%. It is expected to contribute to the creation of around 3,100 quality jobs, mainly in peripheral regions, thus contributing to the demographic challenge policy.
It is envisaged as a comprehensive initiative on the transformation of the value chain of the shipbuilding industry to be implemented through its diversification, digitalisation and sustainability, with the following objectives:
Achieving the PERTE objectives will entail: