At BBVA, we also finance sustainable projects
Find out more
The Next Generation European Funds are a temporary recovery tool that will help repair the immediate economic and social damage caused by the coronavirus pandemic. Its goal is to relaunch economy activity to overcome the crisis in the short term and improve growth potential in the medium and long term through structural reforms and measures to increase productivity. The European Union has allocated a total of 750 billion euros between 2021 and 2026.
Next Generation EU Funds
A unique opportunity to promote your project
If you are an individual, self-employed person or company and want to carry out a sustainability, digitization or cohesion and equality project, we will work with you and help you apply for a European grant through our partner, Minsait (Indra).
How you can take advantage of this opportunity
View all the available grants and request the one that best suits your company's needs. Don't miss out this opportunity to transform and give a new boost to your business.
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Self-supply
Public aid to promote self-consumption by installing solar panels.
Get your company ready to save and protect the environment.
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Energy efficiency for SMEs
They seek to promote sustainable investments that contribute to climate action.
Grants for projects:
- That use renewable energy sources (air source heat pump, geothermal, solar, etc.).
- That promote greater control of consumption through storage systems.
- To promote the industry and the associated business sector.
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Electric mobility
With the aim of reducing the carbon emissions of the transportation sector, grants are available to:
- Purchase electric or fuel cell vehicles.
- Develop the charging infrastructure necessary for the new fleet.
- Adapt fleet management systems to digitize route control.
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In order to promote the digital transformation of SMEs and self-employed workers by helping them implement digitization solutions such as websites, e-stores, digital marketing and cybersecurity.
If you have received the Digital Kit grant, BBVA, as a Digitized Agent, offers an e-commerce solution.
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Circular economy
Grants to promote the circularity of industrial and business processes to improve the competitiveness and innovation of the industrial fabric. Support for companies in:
- Raw material reduction.
- Ecodesign.
- Waste management.
- Digital transformation.
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Economic incentives
Regional Economic Incentives (IER) are grants on the investment to be made in a project such as: civil engineering works, furniture, equipment, technical fees, facilities, etc.
At BBVA, we offer financing to supplement the NGEU funds
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When you apply for a public subsidy through the Next Generation European Funds, it may take a while for you to receive the money. We have designed this loan so you don't have to wait.
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If you have requested a subsidy through the European Next Generation public funds but you need more capital, you can use this loan as a supplement.
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Rent more efficient equipment with the option to buy it later if you are interested.
What the Next Generation European funds are
The EU had intended to establish a budget to develop Europe between 2021 and 2027. Because of the COVID-19 crisis, that budget has been increased to 750 billion euros. This increase is what is known as the Next Generation EU Funds.
The goal is to relaunch the economy in the short term and improve productivity and growth potential in the medium and long term.
Latest news on European Next Generation Funds
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These subsidies will make it possible to make further progress in establishing the necessary infrastructures to guarantee adequate connectivity to 100% of the population in Spain. This call for grants will facilitate the deployment of ultrafast broadband over fiber to more than 380,000 homes and businesses (76% of households).
This technology is capable of delivering services at speeds of at least 300 Mbps and scalability to 1 Gbps in designated white and gray NGA areas.
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It is part of Component 9 'Roadmap for Renewable Hydrogen and its Sectoral Integration'. It is also part of the Strategic Project for the Recovery and Economic Transformation of Renewable Energies, Renewable Hydrogen and Storage (PERTE ERHA), which aims to promote the development of basic-fundamental research projects, innovative pilot projects and training in key enabling technologies within the renewable hydrogen value chain.
The grant is conditional on the implementation of the developments in Spain with a minimum investment of 500,000 euros per project.
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Call for 15.9 million euros to support 2,600 SMEs across Spain. Call for the "Active Growth Program"
Belonging to the "Active" family of programs. The Escuela de Organización Industrial (Fundación EOI), attached to the General Secretariat for Industry and SMEs, will be responsible for managing the "Active Growth Program".
This is a specialized and personalized consulting program aimed at SMEs, especially small businesses, to promote their growth. Grants awarded under this call are considered in-kind, consisting of specialized and personalized consulting.
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This fourth round has an initial budget of 100 million euros, which can be extended. The aid can be requested as of 12 September.
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The aid is aimed at innovative energy storage projects that contribute to improving the stability of the electricity system and security of supply. These will be awarded through a competitive procedure via two different lines:
- One for stand-alone and thermal storage, with 150 and 30 million euros respectively.
- And another, for reversible pumping projects in hydroelectric plants, with the remaining 100 million euros
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The aim is to execute investment plans for electric and connected vehicles in section B of the PERTE VEC scheme. The aid may be awarded as subsidies (maximum 344 million euros), loans (maximum 215 million euros) or a combination of both. It follows a direct awarding procedure, and the period for submitting applications opens on 16 August and closes on 15 September 2023.
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All types of companies with their own legal personality, as well as the institutional public sector, can opt to this aid. As for vehicles, a minimum of 10 and a maximum of 500 vehicles has been established per application. The number of subsidized charging points cannot exceed the number of subsidized vehicles, and the aid ceiling is 60,000 euros.
Submissions must be presented between 12 September and 18 October 2023. The aid will be awarded to projects that start executing the project following the application date, and the execution period cannot exceed 18 months.
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It will be distributed among five programs: Active Industry 4.0, Active Growth, Startups Acceleration Program, Digital Generation Program and the SME Digital Generation Program. The School of Industrial Organization (EOI) will manage the calls.
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It will finance the renovation of 196 locally-owned public buildings, of which 55% are allocated or will be used for cultural, sports and educational activities, benefiting over 14 million citizens.
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The proposal includes goals in line with the European targets for 2030: 32% reduction in greenhouse gas emissions from 1990 levels; 48% of all energy use from renewables; 44% improvement in energy efficiency in terms of final energy; 81% of renewable energy in electricity generation and up to a 51% reduction in energy dependence.
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As part of the eco-incentives program of the Recovery Plan, the call is aimed at subsidizing the traffic of goods carried by rail between January 1 and December 31, 2023, which meets the conditions of Order TMA/371/2022 of April 21 and its subsequent amendment of December. The period for requesting the subsidies ends on April 1, 2024.
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With a maximum budget of 680 million euros financed by EU funds as part of the Recovery Plan, these subsidies will allow the latest mobile technology to be implemented in rural areas in municipalities with under 10,000 inhabitants.
You can apply entirely online
At BBVA, the process for applying for the public grants is 100% online. The application is made through a platform of Minsait (Indra), a partner company.
BBVA, Digital Kit Digitiser Agent
If you have received the Digital Kit grant, BBVA, as a Digitizer Agent for the Digital Kit Program, offers an e-commerce solution
At BBVA, we also finance sustainable projects
We are driving a greener and more sustainable future. One of the ways to achieve this is by offering financing for energy efficiency projects. Whether you're eligible for Next Generation EU Funds or not, you can count on us.
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The conditions of the Next Generation EU Funds are subject to the legal criteria set out by the European Union and/or the Government of Spain.
BBVA will assist customers with the necessary procedures to apply for different types of public aid and/or subsidies through various partners, who, at the direct request of the customer, will perform guideline calculations based on legal sources from official publications and/or bulletins issued by government agencies, as participants in the various programs for channeling funds.
The aim is to provide customers with useful tools to detect their potential additional financial needs. However, awarding and accessing these grants and subsidies does not depend on BBVA but rather the suitability of each applicant and the eligibility of each investment project submitted. Please note that each Autonomous Community, local entity or participating public body may modify the application or award criteria.