One of the objectives of PREP4BLUE is to support the creation of an enabling ecosystem, from a regulatory and economic perspective, that will allow for private and public investments in initiatives that promote a low-carbon and circular blue economy in line with the Mission’s objectives.
Regional Smart Specialisation Strategies (S3), which prioritise areas for investment in a region, are valuable tools in the hands of national and regional authorities. It allows them to strategically direct investment to regions which have a competitive advantage in particular areas. Last December, PREP4BLUE project partner CPMR launched a questionnaire to its members to assess the alignment between Smart Specialisation Strategies and Mission Ocean’s objectives.
The questionnaire will be followed by targeted interviews conducted with regional authorities in February 2023 to deepen the analysis of region’s S3s and assess their potential to contribute to the ambitious objectives of the Mission.
The resulting study will provide concrete elements on the role played by the regions in the Mission and will nurture the analysis conducted in PREP4BLUE Work Package 5, led by S.Pro, to provide key recommendations on how to make the best use of various funding mechanisms, including the Interregional Innovation Investment (I3) Instrument financed from the European Regional Development Fund (ERDF), to support the Mission and future demonstration projects.