# Spanish government funding for Navantia naval programs > Developing situation record from CLSTR: https://clstr.news/situations/spanish-government-funding-for-navantia-naval-programs > Updated: 2026-10-30T08:45:15.000Z. Sources: 11. Developments: 2. The Spanish government has approved a financing package totaling approximately €2.2 billion for the state-owned naval company Navantia. The funds, provided through 0% interest loans to be distributed between 2026 and 2031, are intended to support three Special Modernization Programs for the Spanish Navy. The largest portion of the funding, €1.786 billion, is dedicated to the European Patrol Corvette (EPC) program managed by the Organisation for Joint Armament Cooperation (OCCAR). This initiative involves the construction of six next-generation corvettes and includes industrial cooperation with Fincantieri. Remaining funds include €210 million for the technological modernization of Segura-class minehunters and €200 million for the modernization and maintenance of various surface and submarine units, including S-80 class submarines. While the EPC program is managed via OCCAR, the other two programs are managed directly by the Ministry of Defense. ## Timeline ### 2026-10-30: Spain approves 2.196 billion euros for Navantia naval programs Spain has authorized 2.196 billion euros in 0% interest loans to Navantia for the construction of six European Patrol Corvettes and the modernization of various naval units through 2031. 2 sources. https://clstr.news/cluster/spain-approves-2196-billion-euros-for-navantia-naval-programs ### 2026-10-27: Spain approves €2.2 billion in loans for Navantia defense programs Spain is providing €2.196 billion in interest-free loans to Navantia to fund the construction of European corvettes and the modernization of the Spanish Navy's surface and submarine fleets. 9 sources. https://clstr.news/cluster/spain-approves-22-billion-euro-loan-for-navantia-military-programs --- Cite as: Spanish government funding for Navantia naval programs. CLSTR, https://clstr.news/situations/spanish-government-funding-for-navantia-naval-programs