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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-2020-14/643 – measures in Spain

Relaxation of processes for obtaining credits from the General Secretariat for Industry and SMEs, and the payment of interest

Flexibilización de procesos para la obtención de créditos de la Secretaría General de Industria y de la Pequeña y Mediana Empresa, y el pago de intereses

Country Spain , applies nationwide
Time period Temporary, 31 March 2020 – 30 September 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 15 April 2020 (updated 01 December 2020)

Background information

As a consequence of the exceptional measures adopted in Royal Decree 463/2020, of March 14, published in the BOE of March 14, 2020, the state of alarm was declared for the management of the health crisis situation caused by COVID-19, many economic activities have been forced to close down or drastically limit their activity. For this reason, it is necessary to implement a series of measures whose primary objective is to sustain economic activity in the face of the transitory difficulties that are occurring in Spain as a result of the COVID-19 crisis.

This measure is aimed at supporting a policy for industrialization, with the aim of continuing to provide liquidity to companies to develop their projects.

For this reason, it is established that for a period of two and a half years, extendable by Agreement of the Council of Ministers, the loans granted by the General Secretariat for Industry and SMEs may be refinanced. For the projects currently in execution, the criteria for evaluating the execution of the projects are relaxed, always guaranteeing the fulfillment of the project objectives.

Content of measure

Temporarily, and only for the purposes of the calls for loans granted by the SGIPYME (General Secretariat for Industry and Small and Medium-sized Enterprises) that were pending resolution at the time of the entry into force of Royal Decree 463/2020, of March 14, which declared the state of alarm for the management of the health crisis situation caused by COVID-19, the guarantees to be provided by the applicants will be presented after the resolution of the concession and prior to the payment of the loan.

Once the call is resolved, the beneficiaries must provide the guarantees for the amount indicated in the concession resolution and in the modalities established in said calls.

The beneficiaries of industrial project loan concessions granted by the SGIPYME may also request modifications to the amortization schedule of the same during the period of 2 and a half years from the entry into force of Royal Decree 463/2020, of March 14; as long as the health crisis caused by COVID-19 has caused periods of inactivity of the beneficiary, reduction in the volume of its sales or interruptions in supply in the value chain.

Use of measure

No data available.

Target groups

Workers Businesses Citizens
Does not apply to workers SMEs
Does not apply to citizens

Actors and funding

Actors Funding
National government
National funds

Social partners

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

Trade unions Employers' organisations
Role No involvement as case not in social partner domain No involvement as case not in social partner domain
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 the design, implementation or design of the measure.

Views and reactions

No reaction from social partners have been reported in relation to this measure.

Sectors and occupations

    • Economic area Sector (NACE level 2)
      C - Manufacturing C10 Manufacture of food products
      C11 Manufacture of beverages
      C12 Manufacture of tobacco products
      C13 Manufacture of textiles
      C14 Manufacture of wearing apparel
      C15 Manufacture of leather and related products
      C16 Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
      C17 Manufacture of paper and paper products
      C18 Printing and reproduction of recorded media
      C19 Manufacture of coke and refined petroleum products
      C20 Manufacture of chemicals and chemical products
      C21 Manufacture of basic pharmaceutical products and pharmaceutical preparations
      C22 Manufacture of rubber and plastic products
      C23 Manufacture of other non-metallic mineral products
      C24 Manufacture of basic metals
      C25 Manufacture of fabricated metal products, except machinery and equipment
      C26 Manufacture of computer, electronic and optical products
      C27 Manufacture of electrical equipment
      C28 Manufacture of machinery and equipment n.e.c.
      C29 Manufacture of motor vehicles, trailers and semi-trailers

This case is not occupation-specific.



Eurofound (2020), Relaxation of processes for obtaining credits from the General Secretariat for Industry and SMEs, and the payment of interest, measure ES-2020-14/643 (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.