The leader of Spain’s People’s Party, Alberto Núñez Feijóo, has promised the region of Valencia a reform of the Regional funding and an Investment programme worth twelve billion euros in the event of a change of government. In a video message published on Sunday, he said a new funding model should correct what he sees as the region’s existing disadvantage.
Feijóo is making these promises to seek support in the autonomous community of Valencia ahead of Spain’s general election on 29 November 2026. They are election promises, not spending or legislative changes that have already been approved. The date for the election of both houses of parliament is set out in the state gazette.
Alongside the funding reform, Feijóo promised to implement the Valencia Plan . He put the investment needed in the region, as he sees it, at twelve billion euros. The news agency Europa Press reported on the video message; elDiario.es also covered the statement.
The plan is not new: Feijóo had already presented it in January 2025 as an investment programme for reconstruction after the severe floods of 2024. At the time, he also put its value at twelve billion euros. In October 2026, during an appearance in Valencia, he reaffirmed his promise to implement the plan to protect against future severe weather.
Regional funding and the investment plan are two separate initiatives. Funding concerns the rules under which autonomous communities receive state funds. The Valencia Plan, by contrast, concerns investment in specific projects. The sum cited therefore cannot be presented as additional revenue from a funding reform.
According to a report by Valencia Plaza, the People’s Party’s election programme also provides for a temporary equalisation fund financed from state funds. It is intended to remain in place until a new funding system comes into force. The details of such a reform and its passage through parliament would have to be decided after the election.
In the video message, Feijóo also mentioned tax cuts, the water supply and young people’s access to housing. He linked a national water pact to the construction of infrastructure to tackle droughts and floods, as well as to water supplies for agriculture. He made his political plans conditional on a change of government.
Editor: Mira Cadena (Article created with AI assistance).