Principality of Asturias - Internal Market, Industry, Entrepreneurship And Smes - European Commission

European Commission - Internal Market, Industry, Entrepreneurship and SMEs

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Principality of Asturias

Introduction

Asturias (capital: Oviedo) is located in the north of Spain. The region occupies an area of 10,603.57 km² and has 1,022,205 inhabitants, which account for 2.2% of the country’s population (2018) (Eurostat, 2020). In spite of being one of the least populated regions in Spain and experiencing a negative natural increase in the last years, Asturias has a moderate population density even though people tend to concentrate in the central part of the region.
Asturias has been affected by the sectorial specialisation in traditional sectors, such as mining, which have experienced a decline in the last 30 years across Europe. This situation meant a deceleration on the region’s growth, and raised the need to restructure the economic model to adapt it not only to the new priorities but also to the current demography.
The main institutions in charge of research & development (R&D) include the regional administration, the IDEPA (Economic Development Agency of the Principality of Asturias) and the FICYT (Foundation for the Promotion of Applied Scientific Research and Technology in Asturias).

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