Brussels, 26 July 2024
Today, the Commission is disbursing to Spain the fourth payment for €9.9 billion (net of pre-financing) in grants, under the Recovery and Resilience Facility (RRF).
As for all Member States, payments made to Spain under the RRF are performance-based and depend on the implementation by Spain of the investments and reforms described in its recovery and resilience plan.
On 20 December 2023, Spain submitted to the Commission the fourth payment request of €10 billion under the RRF covering 44 milestones and 17 targets. These cover several reforms in areas including the green and digital transition, smart, sustainable and inclusive growth, and economic, institutional and social resilience and territorial cohesion, such as pension reform and unemployment support. The payment also covers investments in areas including the digital and green transition, research, development and innovation, as well as education and vocational training.
On 12 June 2024, the Commission endorsed a positive preliminary assessment of Spain’s payment request, having found that all but one target had been successfully fulfilled. The opinion of the Economic and Financial Committee on the payment request has paved the way for the Commission to adopt a decision on the disbursement of the funds linked to the 60 milestones and targets that have been assessed as satisfactorily fulfilled, i.e. €9.9 billion.
In relation to the outstanding target relating to business digitalisation, the Commission acknowledges the first steps already taken by Spain, though further work remains to be done. Spain now has a period of six months to fulfil this target.
Spain’s overall recovery and resilience plan will be financed by €163 billion, of which €80 billion in grants and €83 billion in loans. You can find more information on Spain’s recovery and resilience plan on this page, which features an interactive map of projects financed by the RRF, as well as on the Recovery and Resilience Scoreboard. More information on the process of payment requests under the RRF can be found in this document of questions and answers.