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  • Newsletters NGEU
  • More information on the funds
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Newsletters NGEU

Advances and publications on calls, PERTEs and ways of accessing the funds, on a fortnightly basis.

What is the NextGenerationEU?

The crisis caused by the COVID-19 pandemic has prompted an increase in the European Union's budget of 750 billion euros. The aim is to provide funding to drive economic recovery and promote the EUs long-term priorities across different policy areas. This recovery plan is known as NextGenerationEU.

Spain is set to receive one the highest shares. A total of 150 billion, of which more than half will be direct transfers to government funds. The goals of the NextGenerationEU are to:


Relaunch the economy in the short term


Boost productivity in the medium and long-term


Improve the medium and long-term growth potential


How will the funds be used in Spain?

The European funds will be distributed through the Recovery, Transformation and Resilience Plan (RTRP) approved by the Commission and the European Council in 2021. The RTRP specifies that approximately 70 billion euros will be shared through thirty components subdivided into ten structural reform levers.

Dictionary of terms

Subsidies

Direct subsidies to a private individual, natural person or legal entity. 

a) Competitive: tender with criteria defined in the regulatory bases which the Administration uses to select projects or companies to receive the funds.

b) Simple: non-competitive subsidies where the funds are released based on meeting requirements and on a first-come, first-served basis.

Tenders

Public bidding for the execution of public works or the provision of a product or service for the State.

What is the application procedure?

The grants will be distributed through two main mechanisms

NGEU

The Next Generation EU or European Recovery Fund is the materialisation of the response to the COVID-19 pandemic and subsequent economic crisis. This is a €750 billion package that will be distributed among the Member States to relaunch the national economies, under certain conditions, so that they will also be used to improve growth, productivity and job creation.

RTRP

This is the Recovery, Transformation and Resilience Plan. To access the NGEU funds, each Member State must present a national recovery plan, where they agree with the EU on the plan of measures, investments and reforms that will be implemented with the funds received. Spain's RTRP was approved by Brussels on 16 July, releasing the funds to start making investments.

PERTE

The Strategic Projects for Economic Recovery and Transformation (PERTE) are public-private collaboration projects with an ability to drive economic growth, employment and competitiveness. These projects are a mechanism for promoting and coordinating high priority and especially complex projects, or projects involving investments where there are clear market failures, significant external factors or insufficient initiative or investment capacity on the part of the private sector. The aim is to contribute to the agile and efficient management of funds and to strengthen projects that contribute clearly to the transformation of the Spanish economy.

EOI

Expressions of Interest (EOI) are surveys used by the government to measure the interest of the private sector in specific investment facilities. They are used as a basis, although not exclusively, to set up the PERTEs and other calls and as communication channels with the Public Administration to present projects within a time frame and on a confidential basis.

Reform levers

The national RTRP is structured around ten structural reform levers. Each of these reform levers has a percentage of fund allocation from the total of €70 billion of transfers contemplated in the RTRP and presents a set of global objectives. Each reform lever is subdivided into lines of action / projects, divided into components, designed to reach the objects of the plan through specific investment programmes.

Components

The components are the specific plans set forth in the RTRP to achieve the objectives proposed in the leverage policies. They consist of investment programmes, which will be configured in calls and tenders, and reforms in line with these investment priorities. For each component, the RTRP establishes a series of quantitative and qualitative milestones, presented to the European Commission and where compliance of which will be part of the evaluation of the advance of the Plan for this purpose.

In addition, a new body has been created, the PERTE or Strategic Recovery and Economic Transformation Projects. Its purpose is to carry out priority projects with a high impact on the value chain, with a driving force in the economy and an innovative element. The PERTE will be an umbrella agreement and will be established through consortiums, calls and bids. 

How can I participate?

In order to benefit from the funds, you must apply for the call or bid, which will be managed by national and autonomous communities bodies as well as some local entities. The process will be carried out online. The main state agencies and public platforms for consulting grants and bids are as follows: Official subsidies search, CDTI, IDAE, ENISA, National Subsidies Database, Public procurement platform.