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COVID-19 EU PolicyWatch

Database of national-level responses

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

Factsheet for case ES-2020-16/1896 – measures in Spain

Aid for restructuring and relaunching companies in crisis

Ayudas destinadas a la reestructuración y relanzamiento de empresas en crisis

Country Spain , applies regionally

    • – ES21 País Vasco
Time period Temporary, 16 April 2020 – 30 November 2020
Type Legislations or other statutory regulations
Category 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)

Background information

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.

Content of measure

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.

Use of measure

No information available on the use of this policy measure.

Target groups

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

Actors and funding

Actors Funding
Local / regional government
Regional 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: N/A

Involvement

No involvement of social partners has been reported on this policy measure.

Views and reactions

No views of social partners have been reported.

Sources

  • 03 April 2020: ORDEN de 3 de abril de 2020, de la Consejera de Desarrollo Económico e Infraestructuras, por la que se regula el Programa Bideratu Covid-19 que establece ayudas destinadas a la reestructuración y relanzamiento de empresas en crisis como consecuencia del impacto económico del Covid-19 (www.euskadi.eus)

Citation

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.