The Commission has today received the first payment request from Spain under the Recovery and Resilience Facility (RRF) for disbursement of €10 billion in financial support (net of pre-financing). Spain’s overall recovery and resilience plan will be financed by €69.5 billion in grants.
Payments under the RRF are performance-based and contingent on Spain implementing the investments and reforms outlined in its recovery and resilience plan. This first payment request relates to 52 milestones covering several reforms in the areas of sustainable mobility, energy efficiency, decarbonisation, connectivity, public administration, skills, education and social, labour and fiscal policy. The Commission now has two months to assess the request. It will then send its preliminary assessment of Spain’s fulfilment of the milestones and targets required for this payment to the Council’s Economic and Financial Committee. More information on the process of the payment requests under the RRF is available in this Q&A.
More information on the Spanish recovery and resilience plan is available here.