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Close to €1.6 billion of EU funds will help Spain recover from Valencia's devastating floods 

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The European Commission has proposed to the European Parliament and the Council an aid of €945 million from the EU Solidarity Fund (EUSF) to Spain to support the recovery from the destructive DANA provoked floods of October 2024 in Valencia.

In addition, the Commission has approved the reallocation of €645 million from Spain's Cohesion policy funds via the RESTORE mechanism to complement the EUSF aid and boost European support for the recovery efforts.    

The proposed EUSF support for Spain represents the second-largest allocation ever since the Fund's inception in 2002 (after the €1.2 billion granted to Italy following the 2015–2016 earthquakes). An advance payment of €100 million was already paid by the Commission to Spain in April 2025 to help kick-start the recovery operations.  

President Ursula von der Leyen said: "The devastation we witnessed almost a year ago in the Valencia region and across Spain deeply touched Europe. This climate-related disaster united us in shared sorrow and solidarity. I met with representatives of the families who lost loved ones in the DANA floods and felt their pain. Today, we are committing nearly €1.6 billion from European funds to support the vital work of recovery, repair, and reconstruction. This commitment reflects our determination to help member states build greater resilience and withstand future crises. In moments of hardship, Europe finds its true strength in unity.”

The DANA – which stands for ‘high-altitude isolated depression' by its acronym in Spanish – of October 2024 struck the Valencia region with relentless heavy rains, leading to severe flooding that tragically killed more than 230 people and caused extensive damage to homes, schools, hospitals, transport networks, and businesses.

More information is available in the press release.

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