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-2020-30/1300 – measures in Spain
|Country||Spain , applies nationwide|
|Time period||Open ended, started on 21 July 2020|
|Type||Legislations or other statutory regulations|
Supporting businesses to stay afloat
– Access to finance
|Author||Carlos Molina (UAB)|
|Measure added||21 October 2020 (updated 02 December 2020)|
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.
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.
No data available.
|Does not apply to workers||
Companies providing essential services
|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 reported.
Eurofound (2020), Fund to support the solvency of strategic companies, measure ES-2020-30/1300 (measures in Spain), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/ES-2020-30_1300.html
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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.