On Friday 29 July, the Commission has paid Spain the second instalment of €12 billion of non-refundable financial assistance (excluding pre-financing) under the Recovery and Resilience Mechanism (RRM). The payments made by the Commission under the RRM are performance-based and depend on Spain’s implementation of the investments and reforms outlined in Spain‘s recovery and resilience plan.
On 30 April, Spain submitted to the Commission a first request for payment of €12 billion under the RRM in 40 steps covering various reforms in the areas of green and just transition, labour market, pensions, regulated professions, digital connectivity and R&D. In addition, this support will go to other areas such as health, education, support for vulnerable groups, entrepreneurship and micro-enterprises, prevention of tax fraud, green taxation and efficient and sustainable public spending.
Spain’s overall recovery and resilience plan will be financed with €69.5 billion in grants. The amounts of payments to Member States are published in the Recovery and Resilience Scoreboard, which shows progress in implementing the MRRF as a whole and the individual recovery and resilience plans. More information on the payment application process under the RRM can be found in this Q&A document.