In order to receive financial support under the Recovery and Resilience Facility, EU Member States have developed
national recovery and resilience plans. The Spanish
Recovery, Transformation and Resilience Plan details a comprehensive agenda of investments and reforms, specifying goals, objectives and indicators for follow-up and monitoring
Spain is a major beneficiary of the Facility, receiving a total of
163 billion euros, including
84 billion euros in loans, for the period 2021-2026.
To facilitate the deployment of investments, the Plan is based on
The Plan, inspired by the Agenda for Change, the 2030 Agenda and the United Nations Sustainable Development Goals, is structured around ten lever policies that will have a direct impact on those productive sectors with the greatest capacity to transform our economic and social fabric. The ten policies consist of 31 components or lines of action, which are structured into 253 investments and reforms.
The Milestones and Targets are the measures established to be able to assess progress towards the fulfilment of the reforms and investments contained in the Plan. The Milestones are qualitative in nature, whereas Targets are those achievements that occur on a quantitative level. Disbursements are conditional upon meeting the milestones and targets included in the Council Implementing Decision (CID). Spain must therefore ensure the effective monitoring and implementation of the Plan, in particular the fulfilment of milestones and targets within the agreed deadlines.
The projects included in the Recovery, Transformation and Resilience Plan will be carried out through agreements, calls for tenders, subsidies and grants from the General State Administration, the Autonomous Communities and, in some cases, local councils.
The Plan complies with Community requirements. All the measures it incorporates comply with the principle of "do no significant harm" to the environment. Likewise, the measures included in the Plan exceed the minimum thresholds set out in the Regulation of the Recovery and Resilience Mechanism for the contribution to climate and digital goals, 37% and 20%, respectively.
The Plan includes provisions for measures to prevent, detect and correct corruption, fraud and conflicts of interest in the use of funds provided under the RRM Regulation, in order to avoid double funding and to ensure full compliance with State Aid rules.