This Decree is to establish a line of support in the form of subsidized interest rates to reduce the financial costs of companies that have resorted to external financing for the funds necessary to enable them to make investments in the field of the autonomous community of Extremadura. It aims to facilitate access to finance Extremaduran business network also giving additional financial support to favor its development, encourage entrepreneurship and business growth and, ultimately, improve the competitiveness of companies which will result in job creation .
Project Requirements:
1. All projects must be funded at least 25% by the developer without any public assistance and must necessarily be judged technically, economically and financially viable.
2. Any investment or expense arising from the project should be carried out after the request for assistance except for the costs of technical projects.
Types of projects:
a) Project start-ups. They are those that give rise to the start of business. Companies as of the grant application with less than 12 months old were included in this section.
b) Expansion projects-modernization of existing production facilities. Are those that represent an expansion of the existing facility, creating a new center or diversification of the output of an establishment into new additional products or involving a fundamental change in the overall production process of an existing establishment. Shipments of existing businesses from the village to land or classified as industrial use except industrial estates areas are included in this section.
c) Draft transfer of existing production centers. Are those investments associated with moving premises of businesses from the town to an industrial estate.
The following lines of support are established:
A) Line Loans.
Depending on the investment project funded in this line have requested or granted other direct aid, this line is subdivided in two modes: Pure Loans to be those who have no other help and Supplemental Loans to be those that have it.
B) Line Leasing.
This line has the peculiarity of suppressing the liquidation of aid so that at the time of grant can be performed simultaneously paying the subsidy.
C) Line Guarantees.
This line is set as an additional help for companies that have been covered by the line of loans or leasing, have been endorsed by the Regional Mutual Assurance Society, Extraval.
