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-2020-27/1298 – measures in Spain
|Country||Spain , applies nationwide|
|Time period||Open ended, started on 03 July 2020|
|Type||Legislations or other statutory regulations|
Promoting the economic, labour market and social recovery
– Support for spending, stimulus packages
|Author||Oscar Molina (UAB) and Eurofound|
|Measure added||21 October 2020 (updated 02 December 2020)|
This new package approved in Royal Decree 25/2020 aims to reinforce and accelerate the recovery that the economy has already started after the crisis caused by COVID-19. To this end, various measures are put in place to boost investment and strengthen the solvency of companies, which in turn will support thousands of jobs.
The main measure in this package is a new credit line. This new credit line of guarantees will be channeled through the Official Credit Institute (ICO), amounting to €40,000 million and aimed at promoting the implementation of new business investment projects. This measure is part of the plan to reactivate the economy and employment and aims to support new investment projects in the production structure, after a first phase in which the coverage of liquidity needs prevailed. This new line is aimed at promoting investment activity and fostering it in areas where the greatest added value is generated, mainly around two axes: environmental sustainability and digitization.
No data available at the moment on the use of this measure.
|Does not apply to workers||Applies to all businesses||Does not apply to citizens|
Company / Companies
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 views on the social partners have been reported.
Eurofound (2020), Urgent measures to support economic reactivation and employment, measure ES-2020-27/1298 (measures in Spain), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/ES-2020-27_1298.html
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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.