Factsheet for measure
ES-2020-30/1300
– measures in Spain
Fund to support the solvency of strategic companies
Fondo de Apoyo a la Solvencia de Empresas Estratégicas
Background information
The Fund for Support to the Solvency of Strategic Companies is a new instrument that will be endowed with €10,000 million and whose objective is to provide temporary public support to strengthen the solvency of non-financial companies affected by the COVID-19 pandemic. This fund will be attached to the Ministry of Finance and will be managed through the Sociedad Estatal de Participaciones Industriales (SEPI), in accordance with the State aid regulations of the European Commission.
Content of measure
The objective of the Fund is to provide temporary public support to strengthen solvency of strategic businesses through the granting of equity loans, debt subordinated, subscription of shares or other capital instruments, to companies in financial difficulties, experiencing severe temporary difficulties as a result of the COVID-19 pandemic and that are considered strategic for the national or regional economy. Among other reasons, due to its social and economic impact, its relevance for safety, human health, infrastructure, communications or their contribution to the proper functioning of markets. The operations charged to the Fund will be carried out upon request by the interested company. The initial endowment of the Fund amounts to €10,000 million.
Use of measure
No data available.
Target groups
Actors and funding
|
Actors
|
Funding
|
National government
Company / Companies
|
National 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.
Views and reactions
No views reported.
Sources
-
23 July 2020: Orden PCM/679/2020, de 23 de julio, por la que se publica el Acuerdo del Consejo de Ministros de 21 de julio de 2020, por el que se establece el funcionamiento del Fondo de apoyo a la solvencia de empresas estratégicas.
(www.boe.es)
