€1,500 million EU funds back Mallorca Metro and homes

More than 48,000 recipients across the Balearic Islands have benefited from EU recovery funding, with Palma, Mallorca’s Metro extension set to receive nearly €29 million. By August 2026, implementation of the recovery plan in the islands had passed €1,500 million, according to the Spanish Government Delegation in the Balearic Islands. Those receiving support include households, self-employed workers, micro-businesses and small and medium-sized firms.

The regional government and local authorities have made €1,431 million available through funding calls for households and the private sector. Decisions have already been made on €1,000 million of that total, or 70 per cent. A further €536 million is managed directly by the central government.

Since the support began in 2021, investment aimed at individuals and businesses has risen eightfold, the delegation said.

Metro, buses and energy schemes

Alongside the Palma Metro extension, new intercity bus stops on Mallorca, Menorca and Eivissa have €1.7 million in backing. The Moves III scheme, which supports electric vehicles and charging points, has €40 million available; the Balearic Islands have implemented 76 per cent of it.

Another €43 million is allocated to self-consumption energy systems and battery storage in homes, while €2.9 million goes to renewable energy in industry and services. Palma also has €19.6 million for sustainable travel in its low-emission zone, including electrifying its bus fleet and extending its cycle network.

Support for businesses, tourism and care

Guarantees worth €197.8 million have gone to 3,770 small and medium-sized firms and self-employed workers, helping them obtain bank finance on better terms. Kit Digital has distributed €90.9 million to 22,500 recipients, while Kit Consulting has provided €7.2 million in digital advisory vouchers for 542 beneficiaries.

Thirty tourism sustainability plans have €153 million available, and Eivissa has a further €3 million through the World Heritage Cities programme. The tourism resilience strategy for territories outside mainland Spain has received another €100 million since 2021.

About €20 million is going towards energy upgrades in residential buildings. High-tech equipment for the national health system has €22 million, while €62 million supports the social economy and care services, including public equipment, modernised social services and equipment for home care.

Alfonso Rodríguez, the Spanish Government’s delegate in the Balearic Islands, said the figures showed state investment in housing, health and care, as well as modernisation, sustainable transport and the energy transition.

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Source: Europa Press / Mallorca.com