FROM MAY 30 UNTIL JULY 7

Incentives for investments in reindustrialization actions

This 2017 an open call for investments in reindustrialization actions will be open from the 30th of May until the 7th of July. Eligible investment projects include private companies with industrial production activities:

  • New industrial establishments 
  • Extension and relocation of industrial establishments
  • Improvement or modification of existing productive lines

Reimbursable loans

Incentives are in the form of reimbursable loans that cover up to 75% of the eligible expenses. They will have a 10 years repayment period  (3-year grace period + 7-year amortization period). 

The interest rate will range between 1.575% and 4.00% depending on the companies rate and the percentage of the guarantees:

  • If the rating is Excelent (AAA-A), the interest rate is the minimum (1.575%).
  • If the rating is Good (BBB), the interest rate is the minimum (1.575%) as long as the guarantees on the loan are over 41%. When guarantees are between 41% and 10%, the interest rate is 2.20%.
  • If the rating is Satisfactory (BB), then the interest rate will depen on the guarantee of the loan: 1.575% if the guarantee is between 100% and 70%; 2.20% if the guarantee is between 70% and 41%; and 4.00% if the guarantee is between 41% and 10%.

Elegible expenses

Elegible expenses are the acquisition of fixed assets such as industrial space and buildings (up to 70% of total eligible expenses), equipment (accepted second-hand equipment provided that the purchase was made at market prices), and engineering costs.

  • Minimum eligible budget: €100,000
  • Period to carry out the investments: 18 months since the aid is granted to the company.
  • Guarantees: At the time of application is required a guarantee equivalent to 10% of the loan amount. The company can provide further guarantees in order to reduce the interest rate.

Reimbursable loans

Incentives are in the form of reimbursable loans that cover up to 75% of the eligible expenses. They will have a 10 years repayment period  (3-year grace period + 7-year amortization period). 

The interest rate will range between 1.575% and 4.00% depending on the companies rate and the percentage of the guarantees:

  • If the rating is Excelent (AAA-A), the interest rate is the minimum (1.575%).

  • If the rating is Good (BBB), the interest rate is the minimum (1.575%) as long as the guarantees on the loan are over 41%. When guarantees are between 41% and 10%, the interest rate is 2.20%.

  • If the rating is Satisfactory (BB), then the interest rate will depen on the guarantee of the loan: 1.575% if the guarantee is between 100% and 70%; 2.20% if the guarantee is between 70% and 41%; and 4.00% if the guarantee is between 41% and 10%.

This programme is managed by the Spanish Ministry of Economy, Industry and Competitiveness. The period for submitting applications starts the 30th of May and ends the 7th of July, 2017.


Further information

Feel free to contact us Catalonia Trade & Investment for further information

Passeig de Gràcia, 129

08008 BARCELONA

Tel: (+34) 93 4767287

catalonia@catalonia.com

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