By Deirdre Tynan • 20 August 2021 • 10:21
The European Commission has disbursed €9 billion to Spain in pre-financing, equivalent to 13% of the country’s financial allocation under the Recovery and Resilience Facility (RRF). But what will the money be used for?
The RRF in Spain finances investments and reforms that are “expected to have a deeply transformative effect on Spain’s economy and society,” according to the EU. These projects include:
Paolo Gentiloni, Commissioner for Economy, said, “The pre-financing disbursed will help Spain emerge stronger from the crisis. The plan will give a strong boost to Spain’s green transition, supporting renewable energy projects, energy efficiency renovations, and low or zero pollution mobility measures to protect the climate and people’s health.
“The education and training measures in the plan will enable many people in Spain to acquire the skills they need to benefit from the digital transition. The plan will also support the digitalisation of the public administration and businesses, especially SMEs. This will improve the efficiency of the public sector while making the Spanish economy more resilient and dynamic,” he added.
Thank you for taking the time to read this article, please remember to come back and check The Euro Weekly News website for all your up-to-date local and international news stories and follow us on Facebook and Instagram.
Share this story
Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!
By signing up, you will create a Euro Weekly News account if you don’t already have one. Review our
Deirdre Tynan is an award-winning journalist who enjoys bringing the best in news reporting to Spain’s largest English-language newspaper, Euro Weekly News. She has previously worked at The Mirror, Ireland on Sunday and for news agencies, media outlets and international organisations in America, Europe and Asia. A huge fan of British politics and newspapers, Deirdre is equally fascinated by the political scene in Madrid and Sevilla. She moved to Spain in 2018 and is based in Jaen.
Your email address will not be published. Required fields are marked *
Download our media pack in either English or Spanish.