Object and purpose
The purpose of this programme is the granting of loans to finance investment and the needs of working capital, in the context of development of businesses through eligible projects, with the objective of facilitating access to financing charged to the funding agreement with funds from the European Investment Bank (EIB).
Eligible sectors
All sectors in the following excepcion:a will be bankable) the manufacture of armaments, weapons and ammo.
(b) the gambling and related materials.
(c) the manufacture, processing or distribution of tobacco.
(d) activities that involve the use of live animals for experimental or scientific purposes insofar as the fulfilment of the «European Convention on the protection of vertebrate animals used for experimental and other scientific purposes» can not be guaranteed.
(e) the activities whose impact on the environment can only be mitigated or compensated to a very little extent.
(f) activities controversial ethical or moral reasons for example research on the cloning of human beings.
(g) the activities whose sole purpose is real estate development.
(h) the purely financial activities, e.g. trade with financial instruments.
(i) the activities of the energy mining sector.
(j) any of the activities that are excluded in the list of codes was established by the EIB.
(k) those activities that can be funded with loans to the agricultural or food industries which finances the agrarian technological Institute of Castilla and Leon.
Eligible projects
This call will finance investments and expenses incurred by enterprises with non-profit, individuals or legal entities, that may be considered small and medium-sized autonomous companies called SMBS or enterprises of medium capitalization, contributing to its growth and technological modernization, mainly within the industrial sector, and projects that are considered eligible. For these purposes is defined as eligible project:
The set of investments and tangible and intangible costs which have to be identifiable in terms of location, design and benefits, and must be performed within a maximum period of three years from the date of the individual decision of granting of the loan.
You may also consider and project the needs of working capital to medium and long term of the production centres located in Castilla y León.
Eligible projects of new investments, expansions or technological improvements of existing and innovative facilities in activities of the sectors eligible and located in the territory of Castilla y León.
Equally eligible projects to finance the needs of working capital in the medium and long term of the production centres located in Castilla y León.
Investments and eligible expenses
Investments and expenditures that can be financed as part of the project are the following:
– The acquisition, renewal or extension of new tangible assets or first use which are not land.
– Investments in intangible assets, which may include the costs of development, planning and funding during construction of a tangible asset. Intangible assets may include the acquisition of patents, licenses of exploitation or non-patented technical knowledge.
– The needs of working capital in the medium and long term
Loan amount
The minimum amount of the loan will be 300,000 euros and the maximum amount of the loan may not exceed 7.000.000 euros.