Envisión is waiting to find out if it can access funding from the Regional Incentive hotline. colossal Cells for electric cars in the Navalmoral de la Mata. The BOE released a list of projects that will have these benefits this Monday, and there are three in Extremadura, but the battery plant doesn’t appear to be among them. In Envisión Spain, they take this issue lightly and attribute it to a problem of deadlines alone, as they explain to this newspaper, as the processing of their application is completed “just before Christmas” and therefore they don’t think there is enough time. even if the documents can be evaluated in depth. The company hopes to respond to your request in the coming weeks.“We expect a response in about two months because we realize the review process is relatively long,” Envision sources said. Meanwhile In order to carry out the project, studies are also carried out on other alternative financing channels.provided that the beneficiaries envisage an investment of 1,000 million, but provide financing of at least 400 million.
This Regional incentives are financial aids given by the State General Administration for productive investments. business activity. The purpose of these non-refundable grants is precisely to alleviate interregional imbalances and promote the development of less privileged areas, including Extremadura. They are governed by Law 50/1985 and are included as incentivized transformation industries and production support services or tourism or leisure facilities. The Envision project would be in the first of the categories.
Four million from the regional incentives line for three other projects in Extremadura
“We are working on documents for other assistance from the Ministry of Industry,” they said from the company. They do not specify this, but in addition to the Regional Incentives, other possible proposals were being considered, such as the Support Fund for Productive Industry Investments (FAIIP), also affiliated with the department headed by Reyes Maroto.
The financing of the project is the main concern of the beneficiaries. After being excluded from the Electric and Connected Vehicle Recovery and Economic Transformation Strategic Project (PERTE VEC). In Envision they say “We will choose the new announced call when it comes out”. The central government has confirmed that there will be a new opportunity for this and other projects, after the fiasco on the first project that failed to distribute even a third of the planned aid. Envisión was left out as it barely has roots in Spain. because he had just arrived with his project a few weeks before the deadline for applications for these grants. “Then we understand that we will no longer have a problem complying with the inconsistencies of this PERTE,” said José Domínguez Abascal, then president of Envision Spain.
In parallel with the search for a financing channel for the project, the company continues to take some steps in financing. processing of “licenses” and “environmental permits”; and they are also conducting preliminary studies of the land they plan to occupy at Expacio Navalmoral and conducting on-site tastings to determine the foundation that their battery facilities will need.
“We’re making as much progress as we can,” they say at Envision Spain. This also includes the first steps towards defining the business structure to undertake. “head of the project” It should be noted that in mid-November they published a proposal for the commissioning of the new factory in Extremadura, where they were seeking a project manager with more than six years of experience. Experience in the Spanish manufacturing industry and in the field of batteries for electric vehicles.
Grant for 80 jobs in other projects in Extremadura
Yes, they have already secured this funding Three other business projects to receive 4,017,964.23 Euros from Extremadura This is the full amount of State aid, according to the Ministry of Finance and Public Duties’ instruction published this Monday in the Official State Gazette (BOE). They will mean the creation of 88 jobs.
offered by someoner Badajoz Chemical IndustriesFrom Guareña, with a planned investment of 8,701,588 euros, SA received 1,218,222.32 euros in aid. It will create eleven jobs.
Also in the province of Badajoz, Lobon Tourist Exploitation. It has an investment of 2,254,385 euros, the aid is 608,683.95 euros and will create five jobs.
Also, the project Natural Foods Corporation from Navalmoral de la MataIt provided an investment of 7,825,207 Euros and 72 jobs, while the subsidy amounted to 2,191,057.96 Euros.
Source: Informacion
James Sean is a writer for “Social Bites”. He covers a wide range of topics, bringing the latest news and developments to his readers. With a keen sense of what’s important and a passion for writing, James delivers unique and insightful articles that keep his readers informed and engaged.