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EU PolicyWatch

Database of national-level policy measures

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

Fund to support the solvency of strategic companies

Fondo de Apoyo a la Solvencia de Empresas Estratégicas

Country Spain , applies nationwide
Time period Open ended, started on 21 July 2020
Context COVID-19
Type Legislations or other statutory regulations
Category Supporting businesses to stay afloat
– Access to finance
Author Oscar Molina (UAB) and Eurofound
Measure added 21 October 2020 (updated 02 December 2020)

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

Workers Businesses Citizens
Does not apply to workers Companies providing essential services
Other businesses
Does not apply to citizens

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)

Citation

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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