In 2021, government will fund 1.3 billion to tourism

Published on : Saturday, October 31, 2020

The Government says that tourism is a “key” sector as the industry accounts for more than 12% of GDP and provides 13.6% of employment. The Government will distribute 1.3 billion to the tourism sector, of which 1.057 billion will come from the Recovery and Resilience Mechanism, as mentioned on Wednesday in the draft General State Budget Law (PGE) for 2021 delivered to Congress by the Finance Minister.

Out of 1,300 million euros, 243 million euros will be distributed to the programme for coordinating and promoting tourism in 2021. The Tourism item is included in the 2,230 million euros allocated to Trade, Tourism and SME policies for 2021. 1,627 million euros of the amount belongs to the non-financial budget and 603 million euros to the financial budget.

For 2021, the Spanish Tourism Institute, Turespaña, has a budget of 85.2 million euros. It will develop a programme that would support marketing in a group effort with both destinations and products and marketing companies to make the Spain tourism brand even stronger.

Besides, the funding lines for tourism companies will be maintained in 2021, with a budget of 128 million euros. This would support entrepreneurs as well as help in retaining talent.

The funds from the Recovery and Resilience Mechanism will be used to fund sustainable maintenance and rehabilitation of properties of historical importance. It would also help in financing agreements with Autonomous Communities, the Tourism and Destinations Sustainability Plan, the financing of circular economy projects in companies, the development of associations in the field of tourism products and the Plan for the Digital Transformation of Tourism Destinations.

In the Project, the government emphasizes that tourism activity is “key” to the Spanish economy. It accounts for 12% of GDP and contributes 13.6% of employment in the sector. At the same time, it’s being one of the economic activities badly impacted by the challenges of the present times.

Here, it is important to pull through both international and national mobility. Various public administrations have drawn up protocols because of this and health and hygiene guides for the different modes of public transport.

Also, the government emphasizes on “essential” to guarantee that the destination is safe. For this, the administrations have safety protocols in various public spaces, and the companies in tourism have developed guides in each of the activities which make up the tourism value chain.

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