Mikel Torres, Vicelehendakari and Minister of Economy, Labour and Employment, has announced that the Recovery and Resilience Mechanism (MRR) has mobilised €4.694 billion in Euskadi. This funding has reached 30,409 beneficiaries, as of the completion deadline set by the Spanish Government on 30 June 2026.
Of this total, €1.307 billion has been managed by the Basque Government, while €2.918 billion comes from state-managed calls and €469 million from calls managed by other autonomous communities that have benefited Euskadi.
During a session in the Basque Parliament on Monday to discuss the closure process of these European funds, Torres emphasised that “the MRR funds have significantly contributed to modernising the Basque productive fabric and strengthening its economic resilience, accelerating recovery after the pandemic and supporting the transition to a more sustainable, innovative, and competitive model.”
Out of the €1.307 billion received by the Basque Government, €1.269 billion has been committed, meaning that 97% of the resources are already allocated to projects. Torres highlighted that the European funds have had “a noticeable effect” on the evolution of the Basque economy. According to a study by the Department of Economy, Labour and Employment, this mechanism has raised the real Basque GDP by 1.3 percentage points, with every euro of public MRR investment generating an additional €0.3 in private investment. The impact of these funds is linked to the creation or maintenance of approximately 10,000 jobs, contributing to a reduction of seven-tenths in the unemployment rate.
Torres also noted the “high level of execution” of the MRR funds in Euskadi, which stands at 87.1%, equivalent to €1.106 billion. “The combination of a high financial execution level and a strong degree of compliance with objectives reinforces Euskadi's position as one of the administrations with the greatest capacity to transform European resources into tangible results for citizens and the economic fabric,” he stated.
The execution has increased by €62 million since the end of 2025, and this level of compliance is “especially relevant as it focuses on strategic areas for competitiveness, social cohesion, and modernisation of public services,” according to the Vicelehendakari.
The distribution of these resources illustrates their penetration into the Basque productive fabric. Microenterprises and SMEs have received 41% of the funds; large companies, 36%; temporary business unions, 12%; foundations and other entities, 7%; and households, 5%. In total, over 26,000 small and medium-sized enterprises have received funding linked to the mechanism.
Geographical distribution
In terms of historical territories, the allocated funds amount to €1.9728 billion in Bizkaia, €1.3633 billion in Gipuzkoa, and €874 million in Álava. Additionally, €512 million is linked to projects with a direct impact on Euskadi, where territorialisation is more complex. The Basque Government has also directly transferred €313.6 million to provincial councils, municipalities, and other public bodies to develop actions related to the Recovery Plan. Of this amount, €91.4 million has reached municipalities and local entities, while €86.8 million has gone to public entities such as the University of the Basque Country (EHU), Visesa, and Tuvisa, among others.
Competitive capacity
Torres also highlighted the participation of Basque companies and entities in the Strategic Projects for Economic Recovery and Transformation (PERTEs). “In addition to effectively managing the transferred resources, our companies, technological centres, universities, and entities have demonstrated remarkable competitive capacity to compete for and obtain funding in state calls,” he said.
Euskadi has secured nearly €1.58 billion through various PERTEs, accounting for 7.5% of the €21.138 billion allocated across Spain. Of this amount, €304.2 million comes from calls managed by the Basque Government, while €1.2756 billion has been obtained directly by Basque companies and entities in competitive state calls, representing 8.1% of the total.
The PERTEs with the greatest economic impact in Euskadi include those for Electric and Connected Vehicles, with €623 million; Renewable Energies, Renewable Hydrogen, and Storage, with €353 million; and Industrial Decarbonisation, with €165 million. Since the end of 2025, Basque companies and entities have increased the resources captured through these instruments by €76 million.
The final settlement of the mechanism is still pending, meaning the figures may undergo adjustments during the final verification, certification, and validation process. However, “the data demonstrates that Euskadi has seized a historic opportunity. We have achieved high levels of execution, maintained a solid degree of compliance with committed objectives, strengthened our capacity to attract resources in the most competitive calls, and ensured that the impact of these funds reaches the entire territory and thousands of beneficiaries,” concluded Vicelehendakari Torres.
