This State already put the first digits second part distribution european funds aid for economic recovery, no longer consisting of non-refundable aid as it has been before, credit they will have to give back the states Members before 31 December 2058. Instituto de Crédito Oficial (ICO), thus, 15,000 million euros on loans favorable conditions for finance Projects environmentally sustainable and investments Companies, SMEs and the self-employed, as confirmed by sources familiar with the process to El Periódico de Catalunya from the Prensa Ibérica group.
Vice President of Economics, Nadia Kalvinohas planned submit this tuesday before Inter-ministerial Improvement CommissionConversion and Resistance additional To the Spanish Rescue Plan approved by Brussels in July 2021. This update of the plan, European Commission For what purposes are they intended to be allocated? 7,706 million euro inside additional grants corresponding to the country due to its low economic growth in the last two years (up to 77,234 million); the 2,586 million that they touched him REPowerEU plan (with the aim of saving energy, increasing green production and diversifying sources of supply); and loans Mechanism of Recovery and Endurance, which is the maximum in the case of Spain. 84,000 million by 2026 and that the Government plans to demand in its entirety ( budgets 2023 already planned 4.789 million).
These 84,000 million loans include: 15,000 million (17.8% of total) will channel this ICO. The executive mainly intends to serve to finance sustainable investments and any circular economy. companies, SMEs and freelancerslike installation solar panels, rehabilitation buildings or vehicle replacement for the greener ones. It aims to advance ecological transitionalso do more competitive to companies, since sustainability requirements For example, they grow to raise capital from professional investors or to enter tenders to win projects.
Some of the 15,000 million are also expected to be used. improve finance companies have to catch up to take on their business investment projects. Thus, these loans, with the advantages of the financing provided by the European Union (term, interest rates, etc.) better conditions than is offered today by either Treasure like a spanish banks. Of course, the ICO would logically not be able to lend companies less cheaply than Europe lent to Spain.
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Calviño will appear before the game on Thursday. Congressional and Senate mixed commission for the European Union expand knowledge Attached, which the government will review this Tuesday. In addition to the target of investments, this expansion of the Recovery Plan will include: new reforms That the executive will commit to the execution to obtain the funds. The European Commission will then consider the proposal, which must be approved. Approved by the Council of Europe.
The annex must meet the following: same criteria higher than the original plan using the percentage of funding allocated green transition will reach 37% and destined digital transformation will rise twenty%. Calviño, investment It will strengthen PERTE continues and will focus on empowerment. strategic autonomy Security of Spain and Europe energy, agri-food, technological and digital.
Loans, financial instruments (for example, loans, loans, guarantees or equity participations). In addition, it will create Strategic Investments Fund directed autonomous communitiesallow them to carry out public policies for which they are competent, such as housing, transportation or care economics.
Negotiation with banks
By ensuring that European loans are channeled through financial instruments, the Government bargaining with the bank their participation in them as foreseen by this newspaper. The aim is to contribute to the sector. office network so the credits can reach the whole region and their experience indicator risk relevant to lending to a customer, particularly SMEs, to decide whether granted or denied. The idea is for the industry to participate in financing projects linked to the ecological transition.
On the table, banks Collaboration with ICO, as was done with loans (€140,737 million) to state-guaranteed companies in the first phase of the pandemic. Thus, it is examined to combine mediation lines (ICO will finance green projects through banks) collateral lines (There will be organizations that will receive additional funding with a partial public guarantee from the ICO). The key point for the bank is that it doesn’t want to mess with it. verify meet the needs of projects sustainability requirements Required to get European loans. Businesses claim that they are not experts at it, betting that an independent third party will do it.