The Generalitat Valenciana has donated 180 million euros to the Valencian Institute of Finance (IVF) to directly help SMEs and the self-employed. The deadline for submitting the documentation to qualify for these grants is now open and ends on December 1. Specific, the IVF will mobilize 180 million in loans to companies at 1,5%, with a 30% non-reimbursable aid and to repay up to ten years.
beneficiaries
- Self-employed and commercial companies that have at least one establishment, production branch, or activity development branch located in the Valencian Community.
- Purpose of the projects:
– Expansion and renovation of facilities, machinery and equipment.
– Maintenance of the company's working capital, including the hiring of labor, the acquisition of goods and services linked to the exploitation cycle, the financing of clients, the investment in stocks and the company's operating treasury, as well as the cancellation short-term debt of a commercial and financial nature.
Requirements
Beneficiaries must meet the following requirements, among others:
- Have at least one establishment, production branch, or activity development branch located in the Valencian Community.
- Be a small or medium-sized company, in accordance with the definition in Annex I of the Call, that has at least one employee, or a self-employed worker registered in the Special Regime for Self-Employed Workers (RETA). In financing operations of working capital, the self-employed worker must be registered in the RETA, at least, since the 2019 financial year.
- Be up to date with compliance with tax obligations before the State, the Generalitat and Social Security.
Eligible eligible expenses
Investments in fixed assets:
- Acquisition and preparation of land for use in the production of goods and services that constitute the main activity of the company.
- Acquisition, construction and adaptation of warehouses, commercial premises and other real estate, as well as technical installations for the development of the company's main activity.
- Construction of renewable energy facilities, whether their destination is self-consumption or discharge to the grid, provided that the projects do not exceed a power of 30 MWp.
- Acquisition of equipment linked to information and communication technologies.
- Machinery, tools, molds or tooling.
- Industrial vehicles and transport elements used for exploitation, up to a maximum of 35.000 euros per vehicle, with the exception of those applicants whose corporate purpose consists of leasing these assets. In this regard, the acquisition of road freight transport vehicles will not be considered in any case as an eligible eligible expense for the purposes of the Call.
- Intangible assets, such as research and development expenses, industrial property, transfer rights or computer applications.
- Acquisition of business holdings in order to expand the productive capacity of the company, improve the conditions of access to financing, or ensure the supply of key inputs for the company's production process.
Investments in working capital:
Increase in the company's working capital, defined as the difference between current assets and liabilities on the balance sheet, except for the exceptions included in the call.
In the case of companies exporting to Russia and Ukraine, the amount of orders from Russian and Ukrainian importers, received no later than six months before February 24, 2022, and canceled due to the war, will be considered investment in working capital.
If you need more information do not hesitate to contact us. You can call 96 316 28 70 or send us an email to cc@carraucorporacion.com