Factsheet for case ES-2020-16/1896 – measures in Spain
, applies regionally
|Time period||Temporary, 16 April 2020 – 30 November 2020|
|Type||Legislations or other statutory regulations|
Supporting businesses to stay afloat
– Direct subsidies (full or partial)
|Author||Oscar Molina (UAB) and Eurofound|
|Case created||26 April 2021 (updated 30 April 2021)|
The purpose of this program is to collaborate with the efforts made by the companies and staff involved, against the economic consequences derived from the crisis caused by COVID-19. The aim is to consolidate companies or sectors of activity that, being able to be competitive, since they have a product and a market, suffer the consequences of a situation of a totally exceptional nature, supervening and global in scope.
The aim is to establish financial instruments that favor the reestablishment of competitive conditions quickly and permanently, speeding up the formal processes to get out of difficulties and demanding real future commitments from all parties involved.
The program is targeted towards SMEs that employ more than twenty workers.
The aid to be granted will be materialised through refundable advances and the procedure to be used will be that of successive concurrence, which implies the award, in an orderly manner depending on the moment in which the file is complete, to all applicants who comply with the requirements. Provided in this Order until the total exhaustion of the funds provided.
The amount of the aid may reach up to 100% of the negative cash flow budgeted for the financial year 2020, presented in the budgeted plan for this aid as of December 31, 2020, calculated based on the provisions of the following article and with a maximum limit of €800,000. Having thus contemplated the plan executed for 12 months from January 1, 2020.
The amount and intensity of the aid must be limited to the variation in the payment capacity of the company derived from the evolution of the items of income and expenses to allow the restructuring or viability of the company.
No information available on the use of this policy measure.
|Does not apply to workers||
||Does not apply to citizens|
Local / regional government
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 of social partners has been reported on this policy measure.
No views of social partners have been reported.
Eurofound (2021), Aid for restructuring and relaunching companies in crisis , case ES-2020-16/1896 (measures in Spain), COVID-19 EU PolicyWatch, Dublin, http://eurofound.link/covid19eupolicywatch
Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process. All information is preliminary and subject to change.