BUILDING RENOVATION IN SPAIN’S EU-FUNDED RECOVERY AND RESILIENCE PLAN

• 500.000 renovations over three years as opposed to the current 30.000 per year

• 70% will be for housing

• 30% will be for public buildings, half for central government and half for regional, concentrating on schools and hospitals.
• The housing beneficieries will be mostly co-ownerships* and the grant will vary from 35% to 70% of costs according to the cost of the works and the degree of energy saving achieved.
                * Spain has a historically comparatively very high proportion of owner-occupiers and very low proportion of tenants.
• Owners will get higher amounts of grants for renovations that take longer to amortise by means of lower light or gas bills.
• On top of this, there will be tax advantages for owners achieving a 60% energy saving and a higher EPC rating (even though its own definition of deep renovation is an energy saving of 60%, the European Commission allows funding as of 30%).

• ccessibilty improvements can be included in the funding coverage.

• For regeneration projects for entire neighbourhoods where the renovation is not just for buildings but for the whole urban environment, the grants are from 70% to 100% of costs, the 100% coverage being reserved for poor areas.

• The government will allow construction companies, energy companies and banks to manage blok projects covering planning, works and funding management, so as to make it easier for building owners.

Full EPF Secretariat report under epf21-21 of 13.04.2021