Brussels – Spain is set to receive nearly 1.6 billion euros in assistance from the European Solidarity Fund and the Restore mechanism to aid in the recovery of infrastructure and repair the damages caused by the flooding linked to the DANA, which resulted in 229 fatalities in Valencia in October 2024.
The European Commission has proposed 945 million euros from the EU Solidarity Fund and has also approved the reallocation of an additional 645 million euros from Spain’s Cohesion funds via the Restore mechanism to enhance European support for recovery initiatives.
“The devastation witnessed nearly a year ago in the Valencian Community and across Spain deeply impacted Europe, uniting us in collective grief and solidarity. I met with families who lost loved ones in the DANA floods and shared in their sorrow,” stated Commission President, Ursula von der Leyen.
Brussels previously provided Spain with a 100 million euro advance in March 2025 to help cover the costs resulting from the DANA flooding, which is the maximum allowed by regulations.
After the European Parliament and the Council approve the Commission’s proposal for fund mobilization, the remaining balance—total allocation minus the pre-financing already disbursed—will be issued in a single payment, while Restore payments will be disbursed progressively according to expenses incurred.
The proposed support from the Solidarity Fund represents the second-largest allocation for Spain since its inception in 2002, following only the 1.2 billion euros awarded to Italy after the earthquakes in 2015 and 2016. (October 3)
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