MODIFICATION OF THE BASES FOR THE GRANTING OF AID REINDUSTRIALIZATION AND PROMOTION OF INDUSTRIAL COMPETITIVENESS.

Image result for industrial competitivenessThe Ministry of Industry, Energy and Tourism has published today in the Official State Gazette an order modifying the basis for granting financial support to industrial investment within the framework of the public policy of reindustrialization and promotion of competitiveness industrial.

The purpose of the financing is to favor the development of strategic companies and projects, stimulating innovative industrial initiatives that contribute to the generation of employment and the increase of exports. This financing is granted through two calls, REINDUSTRIALIZATION AND PROMOTION OF INDUSTRIAL COMPETITIVENESS, which you can learn more in detail here.

Order IET / 619/2014, of April 11, which establishes the bases of the calls is modified in the following terms:

Article 9.2: “If the date of constitution of the applicant is the year in which the call is made or the previous one, the amount of the loan to be granted may not exceed three times its own funds. This limit is set five times to the applicant’s own funds ”
The own funds will be calculated as stated in article 19.4

Article 19.3 and 19.4 are also modified. In the case of requests with the same score, the application that has been presented before will have preference. The weights for companies constituted in the year of the call, or the immediately previous one, also vary.