Generalitat, through the Valencia Institute of Finance, has launched a new credit limit to make it easier for companies and freelancers to obtain liquidity and ensure operations circulating before that cost increase that most businesses suffer from energy crisis. This was announced by the Minister of Finance and the Economic Model, David Spainthe total amount to be allocated to this initiative 170 million euro.
The new line is actually a extended refactoring allocated to provide liquidity last year, especially restoration and tourism, its success forced an increase from 50 to 150 million initial donations. On this occasion, IVF requested broaden the spectrum A decision that will benefit all activities that need this extra liquidity injection, especially activities such as the following according to regional officials manufacturing industry, transportation, commerce or servicessuffer greatly from the increase in the cost of consumables.
“The purpose of the new call is to support companies in the face of rising energy and production costs and help them face the new economic challenges we face after the pandemic and the war in Ukraine,” said the Finance Minister. .
Conditions
In this way, the new Reagent line, directly or Up to 20% non-refundable installments In addition to the amount claimed, a company will not have to refund 1.5% interest rate cut at a fixed rate to prevent foreseeable interest rate increases from harming the business.
Operations will have time two-year grace period and a payback period that can be extended to one period for working capital and investment transactions 10 years. However, as an innovation in this line, beneficiary companies will also have access to finance. ‘lead credit’. In this option, the loan’s capital is paid back at the end of its useful life, which will be four years, so during that time the company can count on all the financing and only return the interest.
“ raise rate interest or The end of the shortcomings of ICOS Projects approved within the framework of COVID have mandated Generalitat to adapt our lines to the needs of each company and each region,” insisted Spain, stating that this support will help guarantee the employment of these companies. It was presented at a ceremony with the participation of its director, Manuel Illueca.
71 million in the state of Alicante in 2022
According to Spanish Minister Arcadi Spain, in the first half of the year, Valencia Institute of Finance (IVF) secured 300 financing transactions worth 221 million euros, of which 70.74 million in Alicante, about 32% of the total. who believe that this figure will increase significantly with the new Reactive series.
Spain, meanwhile, announced that it will expand the campaign “to reach companies and businesses in smaller municipalities at a time” through Local Development Agencies and in cooperation with Community municipalities to support Generalitat’s hotlines. This is already the case in Alicante, where all regions already have IVF funded companies”.
To date, promotional agreements have been signed with 51 municipalities across the Community, and Generalitat’s aim is to extend cooperation to “all small and medium-sized municipalities” of the autonomy.