03 October 2024 by Eurocities The journey toward digital transformation is a priority for local governments, aligned with broader European goals such as those set out in the NextGenerationEU recovery plan and its Recovery and Resilience Facility Plan . Yet, despite their shared commitment, these public authorities face significant challenges in financing their digital ambitions and navigating complex administrative landscapes. Funding challenges for cities’ digital ambitions As Arnis Gulbis, Director of Riga Digital Agency, underscores, “financing is a crucial component of our digital strategy, and we continuously seek new funding opportunities to expand and enhance our digital initiatives.” Arnis Gulbis, Director of Riga Digital Agency “More specifically, we need funding for large-scale projects like smart transportation systems and digital healthcare infrastructure,” explains Gulbis. The city, keen to leverage technology for improved public services, has already allocated approximately €10 million towards digital transformation in the last year, but the need for further investment remains pressing. Bridging the funding gaps However, for many cities, the journey is far from straightforward. “There are still gaps in funding, especially for projects like digital twinning, IoT, data spaces and cybersecurity,” says Alma Serica, EU Policies and Projects Officer of the City of Arezzo. For […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
