Factsheet for measure
ES-2020-14/648
– measures in Spain
Suspension of interest payments from tourist companies for loans from the EMPRENDETUR programme
Suspensión del pago de intereses de empresas turísticas por préstamos de programa EMPRENDETUR
Background information
It is necessary to continue supporting companies in the tourism sector. The COVID-19 crisis has led to the total paralysis of the tourism sector: from the limitation to the free movement of people and the limitations on national and international connectivity to destinations, to the closure of tourist establishments, including accommodation, restaurants and other value chain companies.
In order to ensure the liquidity and, therefore, the viability of the tourist companies, the payment of interest and amortizations corresponding to the loans granted by the Secretary of State for Tourism in the framework of the Emprendetur R + D + i Program, the Emprendetur Young Entrepreneurs Program and the Emprendetur Internationalization Program.
Content of measure
Interest payments and amortizations corresponding to loans granted by the Secretary of State for Tourism are suspended without prior request and for a period of one year. This measure only applies to those companies (irrespectively of size, activity etc.) that asked for these loans.
Consequently, the payments for interest and amortizations of the referred loans that should be made by the borrowers as of the entry into force of this royal decree-law, will be due on the same date of the year following the one that appears in the resolution. of granting the loan, without implying the accrual of additional interest.
Use of measure
No data available yet.
Target groups
Actors and funding
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Actors
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Funding
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National government
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National funds
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Social partners
Social partners' role in
designing the measure
and form of involvement:
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Trade unions
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Employers' organisations
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Role
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No involvement as case not in social partner domain
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No involvement as case not in social partner domain
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Form
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Not applicable
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Not applicable
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Social partners' role in the
implementation, monitoring and assessment phase:
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Unknown
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Main level of involvement: Unknown
Involvement
Social partners were not involved in the design, implementation or monitoring of this measure.
Views and reactions
No social partner's views or reactions to this measure have been reported.
Sectors and occupations
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This case is sector-specific (only private sector)
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Economic area
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Sector (NACE level 2)
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I - Accommodation And Food Service Activities
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I55 Accommodation
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This case is not occupation-specific.
Sources
