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Spain’s Minister for Territorial Policy, Carolina Darias, encouraged local councils and regional governments in the country to submit “powerful projects”, mainly focused in areas such as the “green economy”, digital transformation, social cohesion and gender equality, all of which are eligible for financing under the Next Generation EU fund.
Fresh EU funding will allow for the transformation of the Spanish economy, stated Spain’s socialist Prime Minister Pedro Sánchez, after the EU Council summit in Brussels, adding that it will allow for Spain to exit from the deep crisis it currently faces.
Spain has secured a total of €140 billion from the EU recovery fund as the second fund’s biggest beneficiaries, after Italy. The EU money for Spain is divided in two parts: € 72.7 billion (in grants) and € 63 billion in credits, thus repayable.
