The European Commission has proposed to the European Parliament and the Council an aid of €945 million from the EU Solidarity Fund (EUSF) to Spain to support the recovery from the destructive ‘DANA floods' of October 2024 in Valencia. In addition, the Commission has approved the reallocation of €645 million from Spain's cohesion policy funds via the RESTORE mechanism, to complement the EUSF aid and boost European support for recovery efforts.

The proposed EUSF support for Spain represents the second-largest allocation ever since the Fund's inception in 2002 – after the €1.2 billion granted to Italy following the 2015–2016 earthquakes. An advance payment of €100 million was already paid by the Commission to Spain in April 2025 to help kick-start the recovery operations. The ‘DANA' – which stands for ‘high-altitude isolated depression' by its acronym in Spanish – of October 2024 struck the Valencian region with relentless heavy rains, leading to severe flooding that tragically killed more than 230 people and caused extensive damage to homes, schools, hospitals, transport networks, and businesses.