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EU PolicyWatch

Database of national-level policy measures

Eurofound's EU PolicyWatch collates information on the responses of government and social partners to the COVID-19 crisis, the war in Ukraine, rising inflation, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.

Factsheet for measure ES-2020-12/574 – measures in Spain

State credit line for companies and the self-employed

Aprobación de una Línea de credito para la cobertura por cuenta del Estado de la financiación otorgada por entidades financieras a empresas y autónomos

Country Spain , applies nationwide
Time period Temporary, 18 March 2020 – 01 December 2020
Context COVID-19
Type Legislations or other statutory regulations
Category Supporting businesses to stay afloat
– Access to finance
Author Carlos Molina (UAB)
Measure added 13 April 2020 (updated 01 December 2020)

Background information

In order to facilitate the maintenance of employment and mitigate the economic effects of COVID-19, the Ministry of Economic Affairs and Digital Transformation will grant guarantees to the credit granted by financial institutions, credit financial institutions and electronic money entities to companies and self-employed to meet their needs arising, among others, from the management of invoices, the need for cash, maturities of financial or tax obligations or other liquidity needs.

Content of measure

The Ministry of Economic Affairs and Digital Transformation may grant guarantees for a maximum amount of €100,000 million. The applicable conditions and requirements to be met, including the maximum term for the request for the guarantee, will be established by Agreement of the Council of Ministers, without the need for subsequent regulatory development for its application.

The Official Credit Institute within 10 days of the adoption of the Council of Ministers Agreement is the body in charge of arranging what is necessary for the effective implementation of this line of guarantees.

The guarantees regulated in this norm and the conditions developed in the Council of Ministers Agreement will comply with the European Union regulations regarding State Aid.

The Agreements of the Council of Ministers of March 24, April 10, May 5, May 19 and June 16 establish the activation of the sections of the Line that have been distributed as follows:

  • SMEs and the self-employed: €67.5 million
  • Non-SME companies: €25 million
  • Tourism sector and related activities: €2.5 million for the self-employed and SMEs.
  • Acquisition or financial or operational leasing of motor vehicles for road transport for professional use: €500 million for the self-employed and companies.

Use of measure

No statistics on the number of companies / self-employed accessing this financing programme.

Target groups

Workers Businesses Citizens
Does not apply to businesses Does not apply to citizens

Actors and funding

Actors Funding
National government
Company / Companies
National funds

Social partners

Social partners' role in designing the measure and form of involvement:

Trade unions Employers' organisations
Role No involvement No involvement
Form Not applicable Not applicable

Social partners' role in the implementation, monitoring and assessment phase:

  • No involvement
  • Main level of involvement: Unknown


Social partners were not involved in designing, implementing or monitoring this measure

Views and reactions

Social partners were supportive of this measure


  • 18 March 2020: Royal Decree-Law 8/2020, of March 17, on extraordinary and urgent measures to face the economic and social impact of COVID-19. (


Eurofound (2020), State credit line for companies and the self-employed, measure ES-2020-12/574 (measures in Spain), EU PolicyWatch, Dublin,


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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.