22 June 2023

FI Group is committed to empowering enterprises of all sizes to unlock their sustainable innovation potential through strategic financial strategies and expert R&D business advising. Delve into your transformative journey, highlighting the significance of the green transition and Next Generation EU, and outlining the importance and creation of a strategic climate plan

Supporting Sustainable Innovation: the Climate Blueprint 

Imagine having a roadmap specifically designed to navigate the changing climate landscape and seize opportunities for growth and innovation. That’s exactly what a strategic climate plan offers you. It’s your tailored guide to aligning your business with the EU green goals and thriving in a circular economy. 

So, what does a strategic climate plan mean for you? It’s your secret weapon for securing funding for your innovative projects. With the world shifting towards sustainability, funding institutions are increasingly prioritizing green initiatives and demanding you to have this plan drafted and created when applying for grants. Having a well-crafted strategic climate plan showcases your commitment to the environment, making your projects more attractive to investors and funding bodies. Aside from it becoming mandatory, a climate plan holds a world of opportunities for your business goals. FI Group supports you in collecting the information and creating this unique blueprint. 

  • Picture this: You’re an SME with a groundbreaking idea for a circular product. You’re seeking funding to bring it to life. A strategic climate plan not only demonstrates your dedication to sustainability but also highlights the economic benefits of your project. It’s a win-win scenario, as investors are more likely to support ventures aligned with the circular economy principles. 
  • Now, imagine you’re a large enterprise aiming to expand your market reach while minimizing your environmental footprint. By incorporating a strategic climate plan, you can identify opportunities for resource optimization, waste reduction, and sustainable practices. This not only enhances your reputation as an eco-conscious company but also attracts environmentally aware consumers, giving you a competitive edge. 

Did you know 

  • The EU’s commitment to a sustainable future through the Green Deal and circular economy goals provides a fertile ground for enterprises embracing strategic climate plans. By aligning your business objectives with these initiatives, you position yourself as a forward-thinking organization ready to embrace the challenges and opportunities of a changing world. 
  • Let’s not forget the financial benefits. Strategic climate plans enable you to tap into various funding programs and incentives available at regional, national, and EU levels. From grants to tax credits, there’s a treasure trove of financial support waiting for enterprises that embrace sustainable innovation. By incorporating a strategic climate plan, you increase your chances of accessing these funding opportunities and fueling your growth. 

Assessment and Consultation 

In essence, a strategic climate plan empowers you to seize the moment and unlock new avenues for success. It showcases your commitment to sustainability, attracts funding for your innovative projects, and positions you as a leader in the transition towards a circular economy. So, embrace the power of a strategic climate plan and embark on a transformative journey towards a greener, more prosperous future! 

FI Group begins by thoroughly assessing an enterprise’s existing R&D capabilities, financial landscape, and sustainability goals. Through comprehensive consultations, we gain insights into the unique needs and aspirations of the enterprise, enabling us to tailor our support accordingly. 

Based on the assessment, FI Group develops a customized financial strategy that aligns with the enterprise’s objectives and fosters sustainable innovation. This strategy encompasses identifying available funding opportunities, optimizing R&D tax incentives, and maximizing returns on investment. 

The Green Transition and Next Generation EU 

We find ourselves in a pivotal climate where the green transition has become increasingly critical for enterprises. With the European Union’s Next Generation EU initiative, there are substantial funding opportunities available for projects that contribute to sustainable development and address societal challenges. This emphasis on sustainability opens new avenues for enterprises to advance their innovation agenda while driving positive environmental and social impacts. 

Climate change and environmental degradation are an existential threat to the European Union and to the world. To overcome these challenges, the Green Transition, one of the main focus points funded by NEXT Generation EU, has the ambition to transform the EU-member states into a modern, resource-efficient and competitive economies. The aim is to boost the economy through green technology, create sustainable industry and transport, and cut pollution.  

What is NEXT Generation EU?  

Next Generation EU (NGEU) is a temporary recovery instrument to help repair the immediate economic and social damage brought about by the coronavirus pandemic. The Recovery and Resilience Facility (RRF) is the centerpiece of NGEU with loans and grants available to support reforms and investments undertaken by EU countries.  

To access NGEU funds, each Member State is required to develop a National Recovery and Resilience Plan (NRRP), setting out a coherent package of reforms and investment for the period 2021-26.  

Ambitions for the Green Transition  

The Recovery and Resilience Fund is included in the NextGenerationEU framework. The aim of the 672.5 billion euro fund is to support public investments, especially in digitalization and in the quest for a greener Europe, while making national economies more resilient and better prepared for the future.  

The NGEU Recovery Program is centered around three pillars that must be considered in every Member States’ National Plan and follow a minimum percentage of total funding to be allocated. 

The Belgian National RRP will be supported by 4.5 billion euro in grants. 50% of the plan will support climate objectives. 

Understanding the Strategic Climate Plan 

A strategic climate plan outlines an enterprise’s goals, strategies, and actions for integrating sustainability into its R&D projects and operations. This plan ensures that sustainability is embedded throughout the enterprise’s activities, guiding decision-making processes and driving long-term growth. 

The strategic climate plan not only supports enterprises in their pursuit of sustainable innovation but also strengthens key tax incentives such as the partial wage withholding tax exemption for researchers. This tax incentive is designed to encourage enterprises to hire and retain qualified researchers, further fostering R&D activities and innovation. By incorporating this tax incentive into their strategic climate plan, enterprises can optimize their financial strategies and enhance their ability to attract top talent in the field of research and development. The strategic climate plan acts as a framework that aligns the enterprise’s sustainability goals with its business objectives, creating a cohesive approach that maximizes the benefits of available tax incentives.  

With FI Group‘s expertise and guidance, enterprises can effectively leverage this tax incentive within their strategic climate plan, ensuring sustainable growth, innovation, and a positive impact on both the environment and their financial bottom line. 

Yvette Poumpalova

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