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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-2020-47/1671 – measures in Spain

Urgent measures to support liquidity and solvency of companies and self-employed workers

Plan de medidas urgentes para apoyar la liquidez y la solvencia de empresas y trabajadores autónomos

Country Spain , applies nationwide
Time period Temporary, 18 November 2020 – 30 June 2021
Context COVID-19
Type Legislations or other statutory regulations
Category Supporting businesses to stay afloat
– Access to finance
Author Carlos Molina (UAB)
Measure added 07 January 2021 (updated 14 January 2021)

Background information

Since the beginning of the crisis, measures have been adopted for solving the liquidity problems of companies and the self-employed, to support their investment decisions through the new line of investment guarantees, and their solvency through the creation of the Fund of Support for the Solvency of Strategic Companies. This measure focuses on supporting the solvency of companies in the face of the prolongation of the effects of the crisis, through the adoption of financial and bankruptcy measures.

Content of measure

In order to ensure companies and self-employed workers continue to have adequate financing to cover their liquidity needs or carry out investment projects, the deadline for getting access to 140,000 million public guarantees managed by the Official Credit Institute (ICO) is extended until 30th June 2021. This will contribute to reduce the financial burden of self-employed and companies, so that they can have more time to recover your business activity and meet your financial obligations.

Likewise, to reinforce liquidity support measures and expand their scope, they may benefit from the guarantees of the €40,000 million Facility for liquidity and investment the promissory notes incorporated into the Alternative Fixed Income Market.

Use of measure

No information available

Target groups

Workers Businesses Citizens
Applies to all businesses Does not apply to citizens

Actors and funding

Actors Funding
National government
Company / Companies
No special funding required

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


No involvement was reported

Views and reactions

No views of social partners were reported


  • 17 November 2020: Royal Decree-Law 34/2020, of November 17, on urgent measures of support for business solvency (


Eurofound (2021), Urgent measures to support liquidity and solvency of companies and self-employed workers, measure ES-2020-47/1671 (measures in Spain), EU PolicyWatch, Dublin,


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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.