The Government makes available to the industrial sector more than 600 million euros in loans

• Financial support of 75% of the bankable budget is granted with reimbursable credits to 10 years
• One of the objectives of this financing is to encourage investments in digitalization of the industry
• This initiative is expected to generate 10,000 new jobs between direct and indirect employment.

The Council of Ministers has authorized the Ministry of Economy, Industry and Competitiveness to call loans for industrial investment within the Program for Strengthening Industrial Competitiveness in 2017. The budget allocated to this call amounts to a total of 606.4 million euros available to the private business sector.

The purpose of the call is the granting of loans to industrial companies for the execution of material investments destined to the creation or transfer of industrial establishments and to the expansion of installed production capacity, and improvement and / or modification of production lines.

This order also aims to encourage investments made in the context of industrial digitalization, in a coordinated manner with the strategy established by the “Connected Industry 4.0” initiative, being able to finance both the acquisition of production devices and equipment and the costs of process engineering of production associated with such equipment.

The loans will be granted for 10 years, with three of lack, and the interest rate will be determined based on the classification obtained by the beneficiary during the evaluation phase and the guarantee constituted before the concession resolution, so it will oscillate between 1,575% and 4%. The amount of the loan to be granted will be 75% of the total budget considered as bankable.

The guarantees to be constituted will be 10% of the loan requested and must be constituted at the time of the request.

Four different types of actions will be supported:

• Creation of industrial establishments: start of a new production activity anywhere in the national territory.
• Transfer: change of location of a previous production activity to any point of the national territory.
• Expansion of production capacity, through the implementation of new production lines in existing centers.
• Improvements and / or modifications of previously existing production lines.

The concession regime will be competitive in each of the 11 specific geographical areas defined and in general, which includes the rest of the territory of the Spanish State.

In total, it is estimated that around 10,000 new jobs could be generated between direct and indirect employment. Finally, this support is expected to contribute to increasing industrial exports, especially in those products with a higher technological level.

Distribution of amounts: