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European Funds FAQs

How much does Spain receive from the Next Generation funds?

Spain has been allocated 140 billion euros, (the equivalent of 11% of the Spanish GDP) over six years. Of which, 72 billion euros will be allocated in grants that will be mobilised by the government during the first three years (2021-2023) to maximise its impact on the rapid reconstruction of the economy, and later, the rest will be requested in the form of loans to complement the financing of ongoing projects.