Series: Occasional Papers. 2321.
Author: Eduardo Aguilar García, Mario Alloza Frutos, Tamara de la Mata, Enrique Moral-Benito, Iñigo Portillo-Pampin and David Sarasa-Flores.
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Summary
This document presents a first characterisation of the private companies receiving funds from the Next Generation EU (NGEU) programme between March 2020 and April 2023. The companies awarded public tenders associated with the NGEU exhibit larger size, greater productivity and better conditions of access to bank financing, both with respect to companies not awarded public tenders and with respect to companies awarded other public tenders not linked to the NGEU. However, in the case of subsidies, companies receiving subsidies associated with the NGEU are, in general terms, smaller than companies receiving other public subsidies not financed by the NGEU programme.