Support for advanced investment

Objectives

Through this aid program is intended to support the realization of technologically advanced productive investments in companies in Bizkaia that result in improving their competitiveness. It is intended particularly favor the industry transition to 4.0 in which the massive use of data allows us to explore new manufacturing technologies.

For this purpose it provides grants to beneficiary entities.

Done eligible

Shall be deemed eligible actions investments for modernization, improvement and expansion of productive equipment of industrial enterprises.

Investments should be subsidized:

– Significantly improve the competitive position of the company.

– Being technologically advanced.

The investment grant must be applied and implemented in the applicant, residing benefit them in the entity itself and affecting the production process of the economic exploitation of the same. It must also be supplied and installed in the undertaking, in some center of Bizkaia.

Such investments will have at least one eligible volume of 40,000 euros and will materialize in the reporting period from 1 January 2015 until 31 December 2016, and belong to the categories of General Accounting Plan.

It will be valued at their acquisition price, excluding input VAT investments, and net of discounts and the like, whether or not incorporated invoice.

They must meet the following conditions:

– They must be directly related to the activity that constitutes the corporate purpose of the company.

– That investment goods are used or brought into use for the first time.

– Remaining at least 5 years in the assets of the company, from the date of invoice.

– That are not already leased or transferred to third parties, with or without consideration.

– Which they have not been manufactured by the applicant company itself.

Amount of aid

The maximum amount will be € 70,000.

Application date. Until April 29, 2016.

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