Skip to main content

EU prioritises digital transformation with significant funding allocation across Member States

EU directs major funds to drive digital transition across Europe

Published on: 17/09/2024 News

The European Commission's Joint Research Centre (JRC) has unveiled a detailed report mapping the allocation of EU funds aimed at driving digital transformation across Europe, a critical aspect of EU's Digital Decade strategy. The report reveals that €177 billion—about 19% of the total €957 billion from major EU funding programs—is dedicated to advancing digital infrastructure, cybersecurity, digital skills, and cutting-edge technologies like AI, quantum computing, and semiconductors.

The report provides insights into how these funds are distributed among EU member states, with Italy, Spain, and Germany emerging as the top beneficiaries. Italy, for instance, has earmarked significant funds for improving its digital infrastructure and enhancing digital skills across its workforce. Spain focuses on digital public services, while Germany allocates resources towards innovation in AI and quantum technologies.

The report emphasises the EU's commitment to ensuring that its member states are well-equipped to meet the challenges and opportunities of the digital age. This funding is expected to play a crucial role in helping the EU achieve its ambitious targets for 2030, including widespread broadband access, enhanced digital literacy, and the development of a robust and competitive tech industry.

The JRC's analysis also highlights the strategic importance of this funding in fostering a more resilient and inclusive digital economy across Europe. By investing in digital transition, the EU aims to enhance its global competitiveness, create new job opportunities, and ensure that all citizens can benefit from the digital revolution.

For more information and to read the full report click here.