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-2020-27/1347 – measures in Spain
|Country||Spain , applies nationwide|
|Time period||Open ended, started on 03 July 2020|
|Type||Legislations or other statutory regulations|
Supporting businesses to stay afloat
– Access to finance
|Author||Oscar Molina (UAB) and Eurofound|
|Measure added||29 October 2020 (updated 05 November 2020)|
Royal Decree 25/2020 includes three measures to support the Spanish tourism sector. First, it provides for the adoption of a measure aimed at ensuring the protection of mortgage debtors whose property is subject to a hotel activity, tourist accommodation and agencies travel, through the granting of a moratorium period of up to twelve months for the financial operations subscribed between the aforementioned mortgage debtors and the credit institutions. Second, the creation of tourism sustainability plans in destinations, in order to promote their sustainability whilst establishing provisions related to the digital transformation of tourism companies that have been affected for this health crisis. Third, for discontinuous permanent workers in the tourism sector, the extension of bonuses and their compatibility with exemptions from contributions to the Social Security.
Three instruments are considered within this package of measures to the tourism sector:
On the one hand, a funded program is launched for the digitization and innovation of the tourism sector. The budget allocation for the program will be €216 million for the financial year 2020.
A maximum of 1,100 loans are envisaged for each budget year, based on an average loan of €200,000.
On the other hand, the creation of the instrument called "Tourism Sustainability Plans in Destinations" has been approved. The objective is to promote the development of tourist destinations located in rural and inland areas.
Third, a mortgage moratorium has been approved for properties related to tourist activity, through the granting of a moratorium period of up to twelve months for mortgage-related financial operations signed with credit institutions. Self-employed workers and legal persons with registered office in Spain may be beneficiaries, provided they experience financial difficulties as a result of the health emergency.
No data reported yet.
|Does not apply to workers||
Sector specific set of companies
||Does not apply to citizens|
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 was reported.
No views reported.
|Economic area||Sector (NACE level 2)|
|I - Accommodation And Food Service Activities||I55 Accommodation|
This case is not occupation-specific.
Eurofound (2020), Supports available to the tourism sector, measure ES-2020-27/1347 (measures in Spain), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/ES-2020-27_1347.html
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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.