EU Cohesion policy: funding for recovery and digital and green transition

Country / jurisdiction: Spain · Year: 2021 · Status: In force · Level: National · Type: Voluntary

The EU Commission has granted 3.7 billion EUR for the recovery and digital and green transition of Spain under REACT-EU. This is the result of the modification of seven operational programmes from the European Regional Development Fund (ERDF) and three from the European Social Fund (ESF). The fund will be divided between regions.

Major allocations include:

- In Andalusia, €1.64 billion of funding will provide working capital to 57,000 small and medium-sized enterprises (SMEs) while also supporting energy efficiency, sustainable mobility, and climate change mitigation measures, as well as the use of renewable energy sources;

- In the Basque country, the €278.5 million will partly be used to support the transition to a green economy thanks to electric mobility in public transport, improved energy efficiency and the use of renewables in public buildings;

- In La Rioja, the €40 million will partly be used to support better energy efficiency in public buildings and the construction and renovation of the infrastructure for health and education;

- In Castilla y León, the €275.5 million will help the region in its green transition through the promotion of the circular economy, climate change mitigation and adaptation, and risk prevention and management;

-In Catalonia, the €893.3 million will in part be invested in supporting the transition to a digital and green economy through soft mobility and cycle paths, as well as the provision of basic infrastructure to citizens such as the construction and renovation of the health infrastructure (primary care and hospitals) and education (primary, secondary and special education).

Official source: https://ec.europa.eu/commission/presscorner/detail/en/ip_21_3867