The funds committed as part of the Addendum to the Recovery, Transformation and Resilience Plan as of September of this year reached 32,414 million euros, that is, 38.99% of the total allocated for Spain, an amount that rises to 83,140 million .
This follows from the 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, of the subsidies, they have been committed 10,454 million euros until the ninth month of the yearwhich represents 62.24% of what was committed at the same time in 2023. These funds have been allocated to initiatives on renewable energy, industrial decarbonization, digitalization, sustainable infrastructure and technological innovation.
Most of the non-refundable funds has been 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 tenders from the General State Administration (AGE) stands at 1,945 million euros, a 49% less than the same period of the previous year (3,836 million), while the rate of transfer to the autonomous communities has been reduced, reaching only a quarter of what was transferred in the same period of 2023, to 1,204 million this year.
Furthermore, the resolution rate of the funds in the first nine months of the year is 15.65%, compared to the 28% of the same period from the previous year, that is, it has been reduced by almost half. This is due to the accumulation of the launch in the second half of calls with very high amounts, especially those related to hydrogen or the renewable value chain.
The total ‘Next Generation EU’ funds committed by the Government as of September of this year was 108,495 million euros66.01% of the total allocated for Spain, which amounts to 163,801 million euros.
Of the total non-refundable funds (subsidies), 75,820 million euros have been committed in the first nine months of the year, leaving 6% of the planned total of 80,661 million euros to be committed.
The large calls launched in 2024 have meant that progress in state management has been significant, reaching a commitment of 66.5% of the total funds available in September 2024. 3.5% more than in the same period of the previous year.
As can be seen from the report, the level of resolution of the calls and tenders of the General State Administration (AGE) has increased almost 10 points compared to a year ago, although in the last quarter appears to have slowed down.
The award percentage of what was called and tendered also continues to increase, although slightly, slightly less than one point compared to a year ago. However, LLYC indicates that, after updating the data from the National Subsidies Advertising System and Public Aidthe unallocated remainders in the case of the AGE amount to 7,076 million euros.
Among the Strategic Projects for Economic Recovery and Transformation (Perte) that has received the greatest boost in recent months, the Perte Renewable Energy, Renewable Hydrogen and Storage (ERHA) stands out.
In the case of the Electric and Connected Vehicle Grant (VEC), the commitment of funds exceeds the initial allocation thanks to the reuse of remainders not awarded in previous calls, reaching an award rate of 67.71%.
Regarding the awarding of loans, some of the calls from the Perte VEC and the Perte decarbonización, which include Addendum loansare still pending final resolution, although the data from partial resolutions indicate a lower award rate in loans compared to grants.
Regarding compliance with the forecast for calls for 2024, until the end of September the 63% of the total of calls planned for this year has already been published, when 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 registered “an increase in the rate of calls launched by the AGE.”
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