Spain approves closure amendment to Recovery Plan to accelerate EU fund deployment

The Spanish Council of Ministers approved a closure amendment (Adenda de Cierre) to the Recovery, Transformation and Resilience Plan, aiming to streamline execution and final evaluation by the European Commission before the 31 August deadline for EU funds. The amendment refines the wording of 121 milestones and 101 measures, adds precise verification elements and reduces administrative burdens, thereby improving legal certainty.

It incorporates adjustments already negotiated with the Commission for three milestones linked to the sixth disbursement, covering bilingual professional training, tele‑assistance services and projects for vulnerable groups, entrepreneurs and micro‑enterprises. The amendment also finalises the loan package of the plan, optimizing resource use and cutting projected public debt, benefitting from more favourable financing conditions that have virtually eliminated the prior financing advantage.

Resources are directed toward strategic actions such as the newly created “Fondo España Crece,” intended to strengthen investment and transformation of the Spanish economy beyond 2026. Vice‑president and Economy Minister Carlos Cuerpo said the changes aim to maximise the plan’s transformative impact and ensure continuity of the new economic and social model.