The European Commission has today adopted a positive assessment of Spain’s recovery and resilience plan. This is an important step towards the EU disbursing €69.5 billion in grants under the Recovery and Resilience Facility (RRF) over the period 2021-2026. This financing will support the implementation of the crucial investment and reform measures outlined in Spain’s recovery and resilience plan. It will play a key role in enabling Spain to emerge stronger from the COVID-19 pandemic.
President Ursula von der Leyen said: “I am delighted to present the European Commission’s positive assessment of Spain’s €69.5 billion recovery and resilience plan. This plan will deeply transform Spain’s economy, make it greener, more digital, more resilient. We have endorsed this plan because it is ambitious, far-sighted and will help build a better future for the Spanish people. The strong national ownership of the plan bodes well for its successful implementation.”
A press release, Q&A and factsheet are available online.