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Commission makes first payment of €10 billion to Spain under the Recovery and Resilience Facility

On December 27, the Commission made a first payment of €10 billion in non-refundable financial support (excluding pre-financing) to Spain under the Recovery and Resilience Facility (RRF).

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European Union

date:  13/01/2022

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Spain's payments under the RRF are performance-based and dependent on its implementation of the investments and reforms outlined in its recovery and resilience plan. On November 11, 2021, Spain presented the Commission with a first request for payment of 10 billion euros under the RRF for 52 actions covering reforms in the fields of sustainable mobility, energy efficiency, decarbonization, connectivity, public administration, skills, education and social policy, labour, and fiscal policy. On December 3, 2021, the Commission adopted a positive preliminary assessment of Spain's payment request. The favourable opinion of the Economic and Financial Committee of the Council on the payment request paved the way for the adoption by the Commission of a final decision on the disbursement of funds. The comprehensive plan for Spain's recovery and resilience will be funded by €69.5 billion in grants. Payment amounts to Member States are published on the Recovery and Resilience Scoreboard, which shows progress in implementing the RRF as a whole and individual plans for recovery and resilience.