What are the Next Generation European (NGEU) Funds?

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.

How much of the NGEU funds are being allocated to Spain?

Since Spain is one of the most affected countries, with a drop in its GDP in 2020, it is also the country with the highest fund allocation: 150 billion euros. Of these, 81 billion will be allocated to grants as direct transfers. The rest will be loans mobilized by the Spanish government.

What is the National Recovery, Transformation and Resilience Plan, or the Spain Can Plan?

It is the Spanish Government's Plan to channel European aid. It lays out the main areas of the Spanish Recovery, Transformation and Resilience Plan and outlines the road map for the modernization of the Spanish economy, the recovery of economic growth and the creation of employment. It focuses on distributing over 175 billion euros in grants or direct transfers from the Recovery and Resilience Mechanism (MRR) between 2021 and 2023.

Who can apply for the Next Generation EU Funds?

The NGEU European funds are intended for individuals, self-employed workers, companies and corporations.

What projects are eligible for these grants?

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.

What grant notices have been published?

To provide easy access to information on the Spanish Plan and the fund application process, in late July the Spanish Government launched a website on the Recovery, Transformation and Resilience Plan. This website gathers all the official content on the funds, FAQ, and includes reforms, calls for grants or tenders and PERTEs (strategic projects for the recovery and transformation).

Next Generation EU Funds

A unique opportunity to promote your project

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.
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.

Now you can also request the Consulting Kit.

If you have received the Digital Kit grant, BBVA, as a Digitized Agent, offers an e-commerce solution.

I have already been issued the grant
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.

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.

Apply

More information
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.

Apply

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Rent more efficient equipment with the option to buy it later if you are interested.

Apply

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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.

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

I have already been issued the grant

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.

Find out more

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.

Next Generation EU Funds

A unique opportunity to promote your project

How you can take advantage of this opportunity

Electric mobility

Digital kit

Economic incentives

At BBVA, we offer financing to supplement the NGEU funds

Next Generation Funds Advance Loan

Next Generation Funds Supplemental Loan

Equipment Leasing Next Generation Funds

What the Next Generation European funds are

BBVA, Digital Kit Digitiser Agent

At BBVA, we also finance sustainable projects

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