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Spanish Govt Sets Aside €6.82 Billion in European Funding for Housing and Urban Regeneration

Pedro Sánchez unveiled the details of the Recovery, Transformation and Resilience Plan, which includes an allocation of 6.82 billion euros for housing rehabilitation and urban regeneration.

The President of the Spanish Government, Pedro Sánchez, unveiled the details of the Recovery, Transformation and Resilience Plan on Tuesday. The plan envisages the mobilisation of funds totalling €140 billion in the years to 2026. The funds will be allocated to different sectors to address the coronavirus pandemic’s impact, with the main focus on sustainable mobility, housing and urban regeneration, energy, the modernisation of public administration and digitisation. The plan has already been approved by the Council of Ministers. It will be presented tomorrow to the Spanish Congress of Deputies, for submission to the European Commission later this month. The plan calls for the implementation of 102 significant reforms and 110 major investments over the next six years, to which the government will allocate nearly 70 billion euros.

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