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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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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Digital kit
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.
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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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Next Generation Funds Advance Loan
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. -
Next Generation Funds Supplemental Loan
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. -
Equipment Leasing Next Generation Funds
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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The Ministry will expand the PERTE VEC (Strategic Plan for Economic Recovery and Transformation - Electric and Connected Vehicle) to the auxiliary automotive industry of batteries and components
This new call, scheduled before the first quarter of this year ends, aims to continue attracting projects involving battery production and the electric vehicle value chain. The automotive components sector accounts for over 75% of a vehicle's value, with a high investment in R&D. -
Activation of the third selection cycle of shipping companies to incentivize maritime cargo shipping
To be eligible for a subsidy, the following requirements apply:
- The service must connect a port in Spain with a port in another European Union member State.
- It must have two or more weekly frequencies, save for justified exceptions.
- There must be an alternative road transport route for the line, including those that involve crossing canals or straights.
The shipping companies collaborate in managing the grant program, and are not involved in providing or distributing the funds. The period for requesting grants from the second call will run from April 1 to June 30, 2024.
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2024 call for CDTI ecosystems announced
This round has a budget of €13.3 million. It aims to promote innovation and knowledge transfer. Applications may be filed between January 11 and March 12, 2024.
These grants finance the actions of managers of innovation ecosystems based on Cervera Networks of Excellence. These networks deal with priority technologies in the areas of: advanced materials, circular economy, energy transition, smart manufacturing, health technologies, safe and healthy food chain, deep learning, artificial intelligence, advanced mobile networks, smart transport, information protection and quantum computing. -
The Government extends Moves III until July 31 2024
€290 million are still available for this program.
The Royal Decree also introduces changes in the regulatory bases derived from the modification of the General Block Exemption Regulation (Regulation (EU 2023/2015) that affect Companies: it limits to 150 million the annual budget that can be allocated to each of the specific aid programs for companies and requires that the recharging points that companies install with powers of up to 22 kilowatts have smart functionalities.
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2nd call for €200 million in subsidies for the digitalization of the urban water cycle
Aimed at projects for the digitization of wastewater supply, distribution, sanitation and purification of the urban water cycle.
Its aim is to improve knowledge of water use, reduce losses, improve system efficiency, optimize energy expenditure, promote transparency and communication with citizens and the different public and private entities involved in the different phases of the urban water cycle.
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Provisionally awarded 161.5 million euros to 281 projects of industrial reinforcement of the agri-food sector
225 companies are participating in the 281 projects, which will contribute to the modernization, sustainability and digitization of the agri-food sector. Of these grants, 148 million euros will be awarded as subsidies and the rest as zero-interest loans.
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The Government launches the third call for the UNICO Broadband program, with 150 million euros
This call is intended for comprehensive action aimed at decarbonization (first target of PERTE's four targets). It will be split into 500 million euros in subsidies and 500 million euros in loans.
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The Government launches the third call for the UNICO Broadband program, with 150 million euros
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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The Government opens its second call for 66.6 million euros under the incentive program 4 for the innovative and knowledge-based renewable hydrogen value chain
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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The Government extends the Digital Kit scheme to agricultural cooperatives and professional societies
This fourth round has an initial budget of 100 million euros, which can be extended. The aid can be requested as of 12 September. -
280 million euros in aid to be awarded to innovative energy storage projects
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
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.
Would you like more information?
Download the Next Generation newsletters
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.
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.