Nadia Calviño informs Congress that in the second half of the year calls for aid worth 11,000 million euros will be launched

News - 9.6.2022

The First Vice-President of the Government of Spain and Minister for Economic Affairs and Digital Transformation, Nadia Calviño, has appeared at her own request in the Joint Committee for the European Union in the Lower House of Parliament to report on the latest advances regarding the Recovery, Transformation and Resilience Plan for the Spanish economy.

The Vice-President pointed out that the deployment of the Plan has already reached cruising speed and is playing a key role in the rapid recovery of employment and investment, which will intensify in the course of 2022.

The most notable progress has been made in the strategic projects. The Government has so far approved and launched eleven Strategic Projects for Economic Recovery and Transformation (PERTE), with a high capacity to drive economic growth, employment and competitiveness and with a high component of public-private collaboration, as well as between public administrations.

To date, more than 60 PERTE calls have been resolved, are open or in the process of evaluation, involving the deployment of 6.6 billion euros of ongoing investments. All the Regional Governments have a company or research centre involved in the development of the PERTEs that have already been approved.

The Regional Governments have received more than 15,5 billion euros from the Recovery Plan.

Since the approval of the Recovery Plan, less than a year ago, more than 15,5 billion euros of the European funds for investments of the Recovery Plan have been allocated to the regional governments for the implementation of investments within the framework of their competences. 15 billion transferred from the REACT EU funds to finance the immediate response to the pandemic, mainly in the field of health, education and business support.

The regional governments that have received the most funds from the Recovery Plan are Andalusia (2,547 million euros), Catalonia (2,181 million euros), Madrid (1,652 million euros), Valencia (1,426 million euros), the Canary Islands (1,082 million euros), Castile and Leon (983 million euros) and Galicia (907 million euros).

Progress in the deployment of the Plan is also reflected in the holding of 86 sectoral conferences - the main instrument for reaching a consensus on the criteria and approving the distribution - in which representatives of the regional governments take part, as well as the launch of 31 expressions of interest to identify mature projects and potential companies that could carry them out.

With these funds, the regional governments have already been able to make important investments, such as the creation of 120,000 vocational training places, investments in education from 0 to 3 years of age, retraining of teachers, active employment policies, as well as the renewal of transport fleets - within the MOVES programme - and the extension of broadband in industrial estates or business centres, among other examples.

Also noteworthy are the Complementary Science Plans, in which all the Regional Governments participate in at least one programme. Aragon, the Basque Country, Catalonia, the Valencian Community and Galicia are the regions with the highest participation in them.

For the Vice-President, the Regional Governments have a fundamental role to play in ensuring that the significant volume of resources already transferred reaches citizens and companies.

The Recovery Plan has already benefited more than 28,800 projects.

During her speech, the Vice-President of the Government pointed out that European funds are reaching the Spanish economy, as evidenced by the fact that the calls for applications for aid resolved by the General State Administration have already benefited more than 28,800 projects throughout the country. These are being implemented by more than 19,000 companies, more than 5,500 local bodies and more than 2,000 universities and technology centres.

In addition, more than 840 calls for applications for aid managed directly by the General State Administration have already been resolved to date, with an investment of more than 10,1 billion euros, aimed at companies and public entities throughout the country.

In order to continue facilitating access to European funds for companies and entities, a presentation has been made available on the Recovery Plan website with the calls foreseen for the second half of the year for an amount of 11 billion euros.

As of 31 May 2022, the execution rate of the authorised budget in the General State Administration is close to 42% of the total appropriation, while the committed appropriation is close to 30%. In addition, the recognised obligations are around 11%.

Spain continues to be the most advanced country in the implementation of the Plan, being the first country to request the second disbursement, corresponding to the first half of 2022, for an amount of 12 billion euros, in view of the fulfilment of 40 milestones and objectives.

Addendum to reinforce the impact of the Recovery Plan after 2023

After Spain has already requested the second half-yearly payment, amounting to 12 billion euros, corresponding to the fulfilment of 40 milestones and targets, the final allocation of transfers to Spain will take place on 30 June.

On this basis, an addendum to the Recovery Plan will be presented in order to mobilise additional transfers as well as appropriations, which will allow for the reinforcement and continuity of the highest impact projects beyond 2023.

New reforms and investments will concentrate additional European funds on strengthening strategic autonomy through the EERP. In addition, Recovery Plan appropriations will be dedicated as a priority to financial instruments to ensure long-term fiscal sustainability and consistency with the Structural Funds.

In order to identify the programmes to be strengthened, a close process of dialogue will be initiated with parliamentary groups, social partners and the autonomous communities. In order to ensure that these additional resources are allocated to the areas of greatest regional interest, the government is considering the creation of an investment fund for the autonomous communities financed by the credits of the Recovery Plan.

Non official translation

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