The government decided to allocate. 20,000 euros new European loans To create funding for autonomous communities to obtain financing under “preferential conditions” It allows them to provide loans to the private sector, which encourages investments in areas of competence such as social housing, sustainable transportation, competitiveness of the tourism sector, care economy, trade and SMEs. The fund in question will be the most donated item, with a loan of 84,000 million from the Spanish corresponding Recovery and Resilience Mechanism.
The Inter-Ministerial Commission for Improvement, Transformation and Resilience, therefore, green light Annex to the Spanish Recovery Plan approved by Brussels this Tuesday, July 2021. This update of the plan will serve to explain to the European Commission for what purposes it is intended to allocate the additional subsidy of 7,706 million euros corresponding to the country. due to its low economic growth in the last two years (up to 77,234 million); 2,586 million corresponding to the REPowerEU Plan (aiming to save energy, increase green production and diversify sources of supply); and 84,000 million credits (already 4,789 million in 2023 budgets).
Of those millions, 26,300 (7,700 million subsidies plus 18,600 million credits), Nadia Calviño, vice president of economics, said. reinforce PERTE going. Accordingly, he announced that the Council of Ministers will approve one of these strategic projects next week. decarbonization manufacturing industry and electro and gas intensiveIt will be equipped with 3,100 million euros.
distribution of loans
As this newspaper announced, the Executive also anticipates that the Official Credit Institute (ICO) will channel 15,000 million European loans through a conduit. New ICO Green line for sustainable investments expands the ICO SME line alongside companies, SMEs and self-employed (renewables, energy efficiency and circular economy). The Ministry of Economy is meeting with bank employers. organizations are collaborating In the channeling of these resources, as announced by El Periódico of the Prensa Ibérica group.
The remainder of European loans will be channeled through various new or expanded funds, such as European loans. social inclusion reform and Minimum Vital Income (9,000 million), the RED mechanism for labor reform and worker requalification (5,000 million), innovative digital projects (4,000 million), the fund supporting the solvency of strategic companies (4,000 million), and the Sepides fund (2,500 million), which supports industrial investment.
There will also be European loans channeled through the Fund Tax incentives to encourage business investment in R&D (2,000 million), the fund for the recapitalization of medium-sized companies affected by the pandemic (1,000 million), the social and environmental impact projects fund (400 million), and the fund to encourage productions by audio-visual companies in Spain (425) million).
Source: Informacion
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