Commission makes second 12 billion payment to Spain under the Recovery and Resilience Mechanism

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.

European Commission’s May infringement proceedings package against Spain

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.

Council Recommendation on the 2022 National Reform Programme of Spain and delivering a Council opinion on the 2022 Stability Programme of Spain

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European Commission in Spain – News