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
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
|
Self-employed
|
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
Involvement
No involvement was reported
Views and reactions
No views of social partners were reported
Sources
-
17 November 2020: Royal Decree-Law 34/2020, of November 17, on urgent measures of support for business solvency
(www.boe.es)
