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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-2020-14/648 Updated – 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

Country Spain , applies nationwide
Time period Temporary, 31 March 2020 – 31 March 2022
Context COVID-19
Type Legislations or other statutory regulations
Category Supporting businesses to stay afloat
– Deferral of payments or liabilities
Author Carlos Molina (UAB) and Jessica Durán (IKEI)
Measure added 15 April 2020 (updated 06 July 2023)

Background information

The COVID-19 crisis paralysed the tourism sector. The government decided to continue supporting the industry as they suffer from the impacts of the pandemic.

In order to ensure liquidity and the viability of the tourist companies, the payment of interest and amortisations corresponding to the loans are suspended for one year.

Content of measure

Within the framework of the Emprendetur R + D + i Program, the Emprendetur Young Entrepreneurs Program and the Emprendetur Internationalisation Program, the Secretary of State for Tourism provides loans to companies. This measure changes the terms of this loan.

Interest payments and amortisation corresponding to these loans are suspended without prior request and for a period of one year. This measure applies to companies (irrespective of size, activity etc.) that request the loans. The payments for the interest and amortisation of the referred loans that are made by the borrowers 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.


The following updates to this measure have been made after it came into effect.

13 March 2021

Royal Decree-Act 5/2021 (of 12 March 2021), extended for an additional year the suspension of interest and amortisation payments on Emprendetur loans (initially provided for in Royal Decree-Law 11/2020, of 31 March 2020, which in principle extended the suspension for just one year). Therefore, this means a total of 2 years of suspension of interest and amortisation payments.

Use of measure

No data available yet.

Target groups

Workers Businesses Citizens
Does not apply to workers Sector specific set of companies
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:

  • Unknown
  • Main level of involvement: Unknown


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

    • Economic area Sector (NACE level 2)
      I - Accommodation And Food Service Activities I55 Accommodation

This case is not occupation-specific.



Eurofound (2020), Suspension of interest payments from tourist companies for loans from the EMPRENDETUR programme, measure ES-2020-14/648 (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.