Industrial Growth for industrial companies (Grow 2)

The Industrial Growth subsidy line for industrial companies (CRECE 2) supports productive investment in industrial companies through investments focused on production and the implementation of new organizational and production methods, aimed at increasing the productivity and competitiveness of companies , achieving the economic growth of the company.

Objective.

Promote investments in new tangible and intangible assets and the use of consulting services.

Eligible investments.

Incentive effect: before start investments, complete application

One application per company

SME:

P1.- Creation new establishment

P2.- Expansion of existing establishment capacity

P3.- Diversification production in new products

Eligible costs> 200% asset value that are reused last year

P4.- Fundamental transformation of the production process

Eligible costs> 100% depreciation assets to be modernized in the last three years

P5.- New organizational methods in the organization of the workplace, business practices or external relations

P6.- New or significantly improved production method

P7.- New organizational method or new production method and its certification

Eligible costs.

New material assets: land, urbanization, civil works, capital goods and others (auxiliary facilities, etc.), from 50,000 euros

Intangible assets, from 10,000 euros

Consulting services from 10,000 euros

Maximum eligible amount 900,000 euros

Except activities of steel, shipbuilding, synthetic fibers, port services, logistics:

10% median

20% small

Consulting for small and medium: 50%

Application date.

Until March 31, 2020.

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