The Generalitat Valenciana has executed 1,623 of the 3,219 million euros allocated through the Next Generation Funds as of December 2022; that is, 50.4% of the funds received, as stated in the report Evaluation of the execution of the Next Generation European Union Funds in the Valencian Community prepared by the IVIE.
One of every two euros allocated to the Valencian Community has already been used, either for the call for a subsidy or for the publication of a tender for works or services. In addition, they point out that a total of 6,000 companies and 300 municipalities are benefiting from the Next Generation funds of the Recovery, Transformation and Resilience Plan (PRTR).
In this way, the IVIE report shows that the Valencian Community is the second autonomous community with the most Next Generation funds executed, and exceeds the average execution of the autonomous communities by 12.7 percentage points.
In this line, in relation to both the regional GDP and the population, the Next Generation funds for the benefit of the Valencian Community (2,832.9 million euros) exceed the average of the Spanish regions. Specifically, they represent 2.29% of its GDP (compared to 1.62% on average) and 555 euros per inhabitant (compared to 444 euros on the Spanish average).
The Valencian Community is the second most benefited region by the tenders carried out by the public sector as a whole (State, autonomous communities, local corporations), since 14.9% of the investments to be made with the amounts tendered take place in this autonomy . Specifically, in the Community, 1,971 million euros are executed through tenders financed through Next Generation funds.
If the focus is placed on the tenders carried out by the territorial public sector (5,267 million euros from autonomous communities and local corporations), the Comunitat is the most active autonomous community in the use of Next Generation funds, since it concentrates 16, 9% (889 million euros) of the total amount tendered.
Of this amount called, 77.4% has been resolved, which means that 688.4 million euros have already been assigned to some natural or legal person.
In addition, the volume of resources to be executed in the Valencian Community from tenders financed by Next Generation funds has tripled over the last year. If until December 2021 the amount tendered with an impact on the Community amounted to 676.5 million euros, in 2022 new works and services worth 1,294.1 million were tendered, so that in December 2022 a cumulative amount of 1,970.6 million euros.
Of the investments to be made in the Valencian Community that come from the state public sector (1,082 million euros), 95.8% correspond to ADIF railway infrastructures (1,024.5 million).
In the case of regional tenders, the Ministry of Universal Health and Public Health is the one that has tendered the most amount (378.7 million, which represents 49.8% of the total), mainly for the development of works that allow the expansion of infrastructures current sanitary. At the local level, the Municipal Transport Company (EMT) of the city of Valencia is the body that has bid the most, with a total of 34.4 million euros.
Throughout 2022, 61 new grants have been called in the Valencian Community with a budget of 537.7 million euros, compared to the 299 million called in 2021. These figures represent an increase of 80%.
Regional aid and subsidies are mainly oriented towards housing and construction (29.2% of the total), employment (17.5%), industry and energy (16.4%) and infrastructures (15.5% ).
The General Director of Government Action Coordination, Juan Ãngel Poyatos, has highlighted that the Generalitat is in “a good line of work”, since, as he has pointed out, “the data continues to support the Valencian Community as one of the the main autonomous communities.
“In fact, we are the second autonomous community that is best managing European funds, recovery funds, we are achieving more funds per inhabitant, more funds also because of our economic weight,” he stressed.
Poyatos has assured that “we must continue working”, and has valued the “effort of the entire Generalitat in terms of efficiency, effectiveness and capacity for work” which “is allowing these funds to really help bring in large investments, support the Community and to invest in the improvement of public services”.