The Observatory is a multi-sectoral and independent initiative that promotes the meeting of social agents, private entities, public administrations and other representatives of the Canarian society with the aim of analysing, debating and promoting the optimal implementation of the investments coming from the Next Generation EU funds.
The research and assessment work of the Next Generation EU Watch Observatory consists of monitoring, analysing and measuring the impact of financial flows from European recovery, transformation and resilience funds to transformative projects that are aligned with the Canary Islands Agenda for Sustainable Development 2030. All this is based on the following indicators:
1. Responsibility: How do the authorities ensure that there is accountability and results from the companies and entities in charge of implementation? 2.
2. Transparency: How are the processes of promotion, tendering and allocation of grants and subsidies carried out in order to ensure equal access to them, including for small and medium-sized entities?
3. Impact: To what extent is progress made towards sustainability and addressing the climate crisis, as well as social welfare?
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