Call for Reindustrialization and Industrial Competitiveness Programs Deadline for submission is 17 July 2017.

The deadline for submission is 17 July 2017.

On April 8, the Official State Bulletin (BOE) published the excerpt of the 2017 call for the Reindustrialization and Strengthening of Industrial Competitiveness Programs of the Ministry of Economy, Industry and Competitiveness (Ministerio de Economía, Industria y Competitividad) for the granting of financial support to business investment for industrial development, with a budget of 600 million euros.The main characteristics of the call, are the following: APPLICATION PERIOD: from 05/30/2017 to 07/17/2017 Formalization and presentation of applications:

 https://sede.minetad.gob.es

Who can benefit?

Companies that are developing or are going to develop industrial activity classified in Section C-Divisions 10 to 32 of the National Classification of Economic Activities (CNAE 2009) (Sección C-Divisiones 10 a 32 de la Clasificación Nacional de Actividades Económicas (CNAE 2009), with SMEs being differentiated from big companies.
Entities in which some of the circumstances detailed in article 13.2 of the General Subsidies Law concur or any companies that are subject to a pending recovery order following a previous decision of the European Commission that has declared that aid to the recipient is unlawful and incompatible with the common market cannot be beneficiaries .
Project types:
.Creation of industrial establishments.
. Transfer.
. Expansions of production capacity installed in existing production centers, through the implementation   of new production lines.
.Improvements and / or modifications of production lines.
.Project requirements:
.Term of execution of the investments: from January 1 of the year of the call up to 18 months from the        final resolution of the concession.
.Minimum budget of € 100,000.
.Guarantees: Need in the application for a guarantee of 10% of the loan requested.
. Private financing: at least 25% of the investment.
.Concepts to be financed:
Civil Works: urbanization and canalizations, with the express exclusion of land.
Building: acquisition, construction, extension or adaptation of industrial buildings, as well as their    facilities and other equipment not directly linked to the process.
.Equipment and production equipment, excluding external transport elements. They can be of first or       second use.
.Production process engineering: own personnel, materials and external collaborations necessary for design and / or redesign of processes.
Type and intensity of the aid:
Loan of up to 75% of the financeable budget with 10 years of amortization and 3 years of default at an interest rate set according to economic-financial assessment (1.575%, 2.20% or 4%, depending on the economic and financial evaluation ).

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