SUCCESS CASES

How does the Ministry of Economy, Finance and Employment of the Community of Madrid manage its projects funded by NextGenerationEU?

The Challenge Addressed

The management of any initiative promoted by or of interest to the Community of Madrid, especially when it is financed by the Recovery, Transformation and Resilience Plan or other European funds, is a major legal, technical, economic and administrative challenge.

The dimensions of this challenge are manifested in the different objectives pursued by the regional government: the success of any project is associated with the public interest underlying it, the correct execution and justification of the funds, the maximization of the advantages or benefits (in the case of the eight subprojects of Component 23, of a training, labor and social nature) that are intended to reach their ultimate beneficiaries and the reputation of the public managers.
reputation of public managers.

In this sense, the complexity of the challenge and its dimensions entails the constant existence of risks, contingencies, eventualities and other types of situations that, if not adequately foreseen and corrected, could result in the non-fulfillment of public objectives.

Novadays' Contribution

Novadays' contribution is summarized in the following activities:

  • Qualified technical support for the management of MRR funds of component 23 of the Consejería de Economía, Hacienda y empleo de la Comunidad de Madrid (Regional Ministry of Economy, Finance and Employment of the Community of Madrid).
  • Control and monitoring of the execution of funds.
  • Coffee platform management and follow-up.
  • Control and follow-up of compliance with PRTR obligations (communication, DACIS, commitments).
  • Risk management system (control, follow-up and registration) and contingency plan.
  • Design of a balanced scorecard reflecting the execution levels of subprojects, expenditures and committed milestones.
  • Design of a database with subproject information and beneficiary data.
  • Documentary traceability
  • Management of 8 subprojects in the field of active policies and modernization of employment and digitalization.

Impact and Results Obtained

The results and impacts are as follows:

  • Improvement of the quality of life of the target population of the subprojects: vulnerable groups, women in rural and urban areas.
  • Education and training.
  • Environmental impact (green and digital labeling)
  • Impact of gender equality on employment policies.
  • 8 subprojects justified to the financing agencies.
  • Innovation associated with the subprojects, especially those associated with the Yo investigo subprogram and the creation of the center for orientation, entrepreneurship, support and innovation for employment.

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