Use of Public-Private Partnerships for initiatives in the European Economic Recovery Plan

The European Commission has published a press release regarding the implementation of the research elements of the Public-Private Partnerships (PPPs) for the "Factories of the Future", "Energy-efficient Buildings" and "Green Cars" initiatives included in the European Economic Recovery Plan.

The press release outlines the following advantages that it is believed the PPP approach will lead to:

“In the PPP approach, we see the following advantages:

• a leading role for industry in the definition of the strategic priorities and the implementation of the research;
• a multi-annual integrated work programme with a pre-defined budget, ensuring continuity and allowing industry to make long-term investment plans,
• a cross-thematic approach going from basic and applied research through to validation and large-scale demonstration, with an increased emphasis on impact and exploitation; and
• increased opportunities to support innovation in SMEs.”

The full press release is available here.