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Next Generation Funds

150 billion euros to boost Spain's recovery.

The European Union has decided to boost its budget to help with growth and the recovery, and Spain is the country that will receive the most Next Generation funds.

Discover our Next Generation newsletters
Keep up to date with the latest news on European funds.

What the Next Generation European funds are

The European Union had intended to establish a budget to develop Europe between 2021 and 2027. Because of the COVID-19 crisis, that budget has been increased by 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.

When the Next Generation EU funds will be available

In anticipation of receiving the European Funds, Spain's national budget has already allocated 26.634 billion euros for 2021.

The grants will be administered through the central, regional and local governments. The first calls for proposals could be announced before the summer.

How you can take advantage of this opportunity

The Next Generation EU funds are intended basically for self-employed workers, companies and corporations, which are the main drivers of the economy and job creation.

The main eligibility condition is that the investment be used for projects related to:

  • Sustainability: renewable energy, energy efficiency, sustainable mobility, etc.
  • Digitization: infrastructure, education, cybersecurity or artificial intelligence.
  • Cohesion and equality: education, health, infrastructure for the disabled and to promote culture and sport.

We want to make it easy for you to receive the funds

We at BBVA will contribute all our skills and experience in order to enhance the positive effect of these European funds. We are firmly committed to continue being a part of the solution to the current crisis.

The recovery plan is still in the design phase, but you can get ready and start defining your projects in keeping with the priorities that will be covered by the funds (sustainability, digitization, cohesion and equality).

What we at BBVA can offer

  • Information and experience

    We'll be there to answer any questions that might come up during the process. We'll guide you so you can bring your projects to fruition.
  • Collaboration

    We'll be involved in analyzing your projects so we can propose partners to help manage grants and supplement your ideas.
  • Financial support

    If you need to, consider our solutions to get an advance on or supplement the amount of the grant that you might receive (after doing the relevent preliminary study).

Do you want us to keep you informed?

There is still much to be decided, and increasingly specific news and information will be provided. If you are interested, you can sign up and stay up to date on all the news.

Next Generation Newsletters

We are creating documents with the latest news on the funds, where they are explained in detail. They are all available at the following link.

Latest news on the Next Generation Funds

Remember

The conditions of the Next Generation Funds are subject to the legal criteria set out by the European Union and/or the Government of Spain.