Published On: October 23 , 2023|

Valencia Conference Centre to have a budget of 6.8 million euros.

· Councillor Paula Llobet outlines how, “the Conference Centre, which invested 2.2 million euros in 2023, will sustain its investment momentum.” · The primary investment will be directed towards honing the sustainability, digitalisation, and efficiency of infrastructure. · The forecast indicates a sustained upward trend in conference activity with an estimated 5.45% increase compared to 2023. Valencia Conference Centre will have a budget of 6.8 million euros (€6,841,790) for 2024. According to the financial statements, this municipal entity will allocate around 500,000 euros to investments, with an additional 1.8 million euros from the Next Generation Funds of the Recovery, Transformation […]

· Councillor Paula Llobet outlines how, “the Conference Centre, which invested 2.2 million euros in 2023, will sustain its investment momentum.”

· The primary investment will be directed towards honing the sustainability, digitalisation, and efficiency of infrastructure.

· The forecast indicates a sustained upward trend in conference activity with an estimated 5.45% increase compared to 2023.

Valencia Conference Centre will have a budget of 6.8 million euros (€6,841,790) for 2024. According to the financial statements, this municipal entity will allocate around 500,000 euros to investments, with an additional 1.8 million euros from the Next Generation Funds of the Recovery, Transformation and Resilience Plan (RTRP). According to Councillor Paula Llobet, Chair of Valencia Conference Centre, “the Conference Centre, which invested 2.2 million euros in 2023, will sustain its investment momentum.”

“The primary investment will be directed towards honing the sustainability, digitalisation, and efficiency of infrastructure, thus ensuring its continued competitiveness in the sector,” she emphasised, explaining that “forecasts for the forthcoming financial year pave the way for Valencia Conference Centre to maintain its status as a key contributor to Valencia’s economic and social development.”

“The forecast indicates a consistent rise in conference activity, with a projected increase of 12.7% year on year. This will enhance our city’s ranking as a premier international destination for conferences.”

According to the report presented today at the meeting of the Board of Directors, “it appears that this favourable growth trend will persist in 2024, with projected growth of 5.45% in conference activity compared to 2023.” “The positive outlook for the coming year will see a 57% reduction in the requested subsidy compared to the previous year, along with a projected pre-tax of 378,387 euros,” Llobet added.

Regarding the Action Plan for 2024 that was presented at the meeting, this is built across four axes. The first axis focuses on the consolidation of the conference centre as a sustainable building by minimising the negative impact on the environment and creating a positive legacy in the community while meeting the Sustainable Development Goals.

The second axis concentrates on creating event experiences and forming alliances with key supplier companies to establish synergies. The third axis, meanwhile, aims to enhance our processes and promote innovation by automating information and implementing training plans. Finally, the fourth axis is centred on excellence in management through the development of a smart model (digital twin) of the building to enhance facility management efficiency, development of an Anti-Fraud Measures Plan, and establishing systems for greater traceability in income and expenditure control.