Recovery Plan for Europe

The Plan for the Recovery, Transformation and Resilience of the Spanish Economy, approved by the Spanish Government and submitted to the Community Institutions, constitutes the application of the new community financing instrument entitled, "Next Generation EU", and in particular, the one derived from the Recovery and Resilience Mechanism, which will provide Spain with up to 140 billion euros in transfers and credits in the period 2021-2026.

The Plan incorporates an important agenda of investments and structural reforms, to the extent that they constitute the economic policy agenda of the Government of Spain for the coming years, and which is aligned with the 2030 Agenda and the United Nations’ Sustainable Development Goals, as well as with the specific recommendations made to Spain by the European Union in 2019 and 2020 and the pillars of the Recovery and Resilience Mechanism.

In turn, these four axes guide the ten leverage policies and the thirty components that govern the type, nature and purpose of the projects to be financed and executed, as well as the necessary reforms for the modernization that it seeks. In accordance with these transversal axes, these ten leverage policies and these thirty components, the Plan includes a total of 212 measures, of which 110 are investments and 102 are reforms for the 2021-2023 period.

In addition, the Plan is based upon the need to adopt a specific legal framework to modernize and speed up the instruments for investment and public-private collaboration, in order to facilitate an agile, effective and efficient execution of the Plan. Forecasts that, in the domestic scope, were already reflected by the approval of Royal Decree-Law 36/2020 of December 30, which approved urgent measures for the modernization of the Public Administration and for the execution of the Recovery, Transformation and Resilience Plan.

The transcendent effects of the Plan in the coming years in order to recover the economic activity, as well as the close collaboration that it establishes with the private sector -as an essential pillar for its execution-, are what has determined the necessary constitution in this Law Firm of a specialized group that aims to provide an all-encompassing and multidisciplinary response to different needs of legal services that are of interest to our clients in this area.

Some of our services focused on the execution of the Recovery Plan:

  • Development of projects in areas linked to the transversal axes and leverage policies specific to the Plan: sustainability, digitization, energy, agri-food, health sciences, etc.
  • Implementation of legal and financial structures related to the financing, management and governance of public-private collaboration initiatives carried out for the execution of the Plan: associations, clusters, consortiums, mixed economy companies or PERTEs.
  • Application of procedures and actions derived from the execution of the Plan: public procurement, subsidies, agreements.
  • State aid and issues related to Competition law.
  • Taxation associated with the initiatives derived from the execution of the Plan.
See team

Key Contacts

Carlos Vázquez Cobos

Partner

Miguel Troncoso Ferrer

Managing partner – Brussels

Juan Ignacio Romero Sánchez

Of counsel

José Luis Palma Fernández

Adviser