Spain

CaixaBank and MicroBank support Spanish small businesses through the InvestEU programme

CaixaBank and MicroBank support Spanish small businesses with guarantees that will enable the mobilisation of more than €1 billion through the InvestEU programme This is the first European Investment Fund (EIF) guarantee agreement signed in Spain under InvestEU. The EIF will provide a guarantee of €150 million to CaixaBank to support the innovation and green […]

Spain: EIB agrees venture debt financing with PackBenefit to accelerate rollout of leading sustainable food packaging technology

EIB and PackBenefit have signed a €13m venture debt agreement to finance a new production plant, as well as research and development projects for sustainable food packaging solutions. The financing, in combination with equity funding from Circularity Capital, will enable PackBenefit to expand its manufacturing capacity of recyclable and compostable food trays for the European […]

Positive preliminary assessment of Spain's third payment request for €6 billion under the Recovery and Resilience Facility #NextGenerationEU

The European Commission has today endorsed a positive preliminary assessment of Spain's payment request for €6 billion (net of pre-financing) in grants under the Recovery and Resilience Facility (RRF), the key instrument at the heart of NextGenerationEU. On 11 November 2022, Spain submitted to the Commission a payment request based on the achievement of the […]

The Commission signs an agreement to channel 150 million € towards investments in sustainable infrastructure in Spain #InvestEU

The European Commission and the Official Credit Institute (ICO) have today signed an agreement within the framework of the InvestEU guarantee program worth up to 75 million euros. This package of guarantees will help channel ICO financing of up to 150 million euros towards investments in sustainable infrastructure throughout Spain and other Member States. This […]

€869 million for a just climate transition in Spain #JustTransitionFund

Spain will receive almost €869 million from the Just Transition Fund (JTF) following the adoption of the Just Transition Programme and its Territorial Just Transition Plan (TJTP). The funding will help the country firmly advance in the transition towards a climate-neutral economy in a fair way. Spain is on track to phase out coal for […]

€1.8 billion to boost employment, healthcare and social inclusion in Spain #REACT-EU

Spain will receive an additional €1.8 billion under REACT-EU to boost employment, healthcare and social inclusion. The funds will help maintain employment through short-time work measures, and support workers and jobseekers in acquiring the skills needed for a more digital and green economy. The funds will also reinforce the healthcare sector and support Spain's economic […]

EIB loan for Spanish company GAM to support electric rental fleets and sustainable last-mile delivery

The EIB financing will also help to digitalise GAM and its vocational training provided through Kirleo. The agreement is supported by European Fund for Strategic Investments EFSI, the main pillar of the Investment Plan for Europe. The European Investment Bank (EIB) will lend €35 million to the Spanish multinational GAM (BME ticker: GALQ), which specialises […]

EU Cohesion Policy: €37.3 billion for Spain to support its green transition and a fair and competitive economy

In 2021-2027, Spain will benefit from €37.3 billion in Cohesion Policy funding to accelerate the country's green transition, finance innovation and digitisation, increase the employment rate and improve local social services. The strategy and details for these investments are set out in the Partnership Agreement between Spain and the Commission. The strategy will mainly focus […]

Spanish scheme to support roll out of broadband backhaul networks in rural areas

The European Commission has approved, under EU State aid rules, a €500 million Spanish scheme made available through the Recovery and Resilience Facility (‘RRF') to support the deployment of broadband backhaul infrastructure in rural areas. The measure is part of Spain's strategy to address the needs of citizens and business in the context of the […]

Making youth fit for the digital age | EFS+

Reliance on digital technology at work can create barriers to entering the workplace, especially for young people lacking digital training. This was Esther’s problem: 29 years old and without access to ICT training, Esther felt she had no hope of getting a job. The project, Making Youth Fit for the Digital Age, supported by the […]

Additional €274.9 million to boost the social and economic recovery of Spanish regions #REACT-EU

Spain receives an additional €274.9 million from the 2022 tranche of REACT-EU. These resources will support the economic recovery of Spanish regions, help workers and jobseekers acquire skills necessary for the digital and green transition, and improve the access to and functioning of social systems. €137 million are added to the Spanish operational programme of […]

Response to digital demand in the labour market | ESF+

When looking for work opportunities, young Spaniards are often told they do not have the right knowledge, skills and behaviours necessary for the job. At the same time, companies need candidates with digital skills more than ever before. To reduce the gap between young people’s training requirements and businesses’ recruitment needs, the ‘Digital transformation and […]