Financial support for SMEs

Objective:

Publish the regulatory bases of the supports of the Igape for the financial costs of small and medium-sized enterprises of Galicia bonus € 25,000.00 loan holders, implemented through a collaboration agreement between the Galician Institute for economic promotion (Igape), financial institutions and mutual guarantee societies.

These rules govern the content and procedure of subsidies for the financing of investments in Galicia, by small and medium-sized enterprises.

Characteristics of the projects to be financed:

4.1 funding with funding from the ICO ICO-companies and entrepreneurs 2015, ICO-warranty SGR/SAECA 2015 lines or with funds from the financial entity backed by a SGR, may be used for the following concepts:

  • Productive fixed assets new or second hand.
  • Industrial vehicles without price limit and vehicles cars, with a maximum price of €30.000, excluding VAT.
  • Acquisition of companies.
  • Liquidity with a limit of 50% of the funding.

4.2 funding with funding from the own financial institution with endorsement of the Igape, must be used for the following concepts:

  • Productive fixed assets new or second hand.
  • Industrial vehicles without price limit and vehicles cars, with a maximum price of €30.000, excluding VAT.

In addition, these assets shall correspond to an investment to develop industrial land for industrial or business parks, acquired in the year 2015.

4.3 productive asset must be understood to those assets which, indirectly, to direct or carry out the activity of the company.

4.4. the beneficiaries of the aid laid down in these rules shall maintain investment financed during the validity of the bonus to the financial operation. Shall be considered satisfied this condition in the case that property in which to materialize investment are replaced by others of the same nature and purpose, and may not get to purchase any financial help from the Igape.

4.5. the object of the investment property must be acquired by the beneficiary in property.

Investments made in the period will be financed between 1 January 2014 up to one year from the formalization of the loan. The difference between the amounts for investments and the amount arranged the financing, it is considered used for liquidity.

Application date: until October 30, 2015.

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