26 July 2024
On the 26th of July, the Commission disbursed the fourth payment for EUR 9.9 billion in grants, under the Recovery and Resilience Facility (RRF) to Spain.
Spain submitted the fourth payment request under the RRF of EUR 10 billion to the European Commission, which covered 44 milestones and 17 targets covering investments and reforms in, among others, the green and digital transition, RD&I as well as education and vocational training.
The Commission concluded from a preliminary assessment of the payment request endorsed on 12 June 2024, that Spain had met all but one target. It was therefore decided to disburse EUR 9.9 billion out of the EUR 10 billion originally requested.
Spain’s outstanding target relates to business digitalisation, on which Spain, as recognised by the European Commission, has already taken the first steps. Spain will have six months to fulfill this target, upon which the remaining sum of the fourth payment request will be disbursed.
Spain will in total receive EUR 163 billion from the RRF, of which EUR 80 billion in grants and EUR 83 billion in loans. More information on Spain’s recovery and resilience plan can be found here.
Source: European Commission