The funds committed under the Addendum to the Recovery, Transformation and Resilience Plan in September this year reached 32.414 million euros, or 38.99% of the total allocated to Spain, an amount that amounts at 83.140 million.
This arises from latest monitoring report of the execution of the Recovery, Transformation and Resilience Plan (PRTR), with data as of September 30, prepared by LLYC.
The study shows that among the subsidies, they were committed 10.454 million euros until the ninth month of the yearwhich represents 62.24% of what had been committed for the same period in 2023. These funds were allocated to initiatives on renewable energy, industrial decarbonization, digitalization, sustainable infrastructure and technological innovation.
Most of non-refundable funds was allocated to the provision of state calls, specifically 7.305 million euros, 1.15% more than the 7.222 million for the same period in 2023.
For its part, the volume of offers from the General State Administration (AGE) amounts to 1.945 million euros, i.e. 49% less than the same period of the previous year (3.836 million), while the rate of transfer to the autonomous communities was reduced, reaching only a quarter of what was transferred in the same period of 2023, to 1.204 million this year .
Furthermore, the fund resolution rate over the first nine months of the year is 15.65%, compared to the 28% of the same period compared to the previous year, that is, it was reduced by almost half. This is due to the accumulation of the launch in the second half of calls with very high amounts, in particular those linked to hydrogen or the renewable value chain.
The total Next Generation EU funds committed by the government in September this year were 108.495 million euros66.01% of the total allocated to Spain, which amounts to 163.801 million euros.
Of the total non-repayable funds (grants), 75.820 million euros have been committed during the first nine months of the year, which leaves 6% to be committed of the planned total of 80.661 million euros.
The major appeals launched in 2024 have enabled significant progress in the management of the State, reaching a commitment of 66.5% of the total funds available in September 2024. 3.5% more than the same period of the previous year.
As the report shows, the level of resolution of tenders of the General State Administration (AGE) increased by almost 10 points compared to a year ago, although during the last quarter seems to have slowed down.
The tender award percentage also continues to increase, albeit slightly down a point from last year. However, LLYC says that after updating data from the National Grants Publicity System and Public assistancethe unallocated balances in the case of the AGE amount to 7,076 million euros.
Among the Strategic projects for economic recovery and transformation (Perte) which has received the greatest momentum in recent months, stands out Perte Renewable Energy, Renewable Hydrogen and Storage (ERHA).
In the case of the Electric and Connected Vehicles (ECV) Grant, the commitment of funds exceeds the initial allocation thanks to the reuse of unallocated remainders in previous calls, reaching an allocation rate of 67.71%.
Regarding the granting of loans, some of the calls of Loss VEC and Loss of decarbonization, among which Supplementary loansare still awaiting final resolution, even though partial resolution data indicates a lower rate of loan awards than grants.
Regarding compliance with the call forecast for 2024, until the end of September on 63% of the total of calls planned for this year has already been published, while this percentage should have reached 75% for this period.
From LLYC they indicate that to meet the forecasts during the last quarter of 2024 it should be recorded “an increase in the rate of calls launched by the AGE.”
