Home » today » Business » Spain’s Ministry of Industry, Commerce, and Tourism Mobilizes €8.7bn for PERTEs and Tourism Plans.

Spain’s Ministry of Industry, Commerce, and Tourism Mobilizes €8.7bn for PERTEs and Tourism Plans.

Madrid, June 9 (EFECOM).- The Ministry of Industry, Commerce and Tourism will mobilize 8,703 million euros from the addendum to the Recovery, Transformation and Resilience Plan to reinforce the PERTEs and tourism plans.

In addition, two new funds of 2,400 million euros managed by Cofides are created to generate sustainable investments, the ministry explains in a statement.

As a whole, the addendum will mean almost 90,000 million euros (84,000 million in loans, 7,700 million in non-reimbursable transfers and 2,644 million from the REpowerEU plan).

Specifically, and in the case of the industrial sector, the PERTE of the Electric and Connected Vehicle will be reinforced with 1,250 million more (1,000 million in loans and 250 million in transfers).

For its part, the decarbonization PERTE will see its amount increased by an additional 2,720 million (1,700 million in the form of loans and 1,020 in direct transfers), the Agrifood PERTE will add 200 million in loans and the microelectronics and semiconductors PERTE another 200 million in transfers.

Additionally, tourism will receive an extra fund of 1,000 million channeled through the Official Credit Institute (ICO) to reinforce aid aimed at the modernization, sustainability and green and digital transition of the sector.

The addendum also includes the creation of two new funds, called FOCO (Coinvestment Fund) of 2,000 million, and FIS (Social Impact Funds) of 400 million, both managed by Cofides, to co-invest in Spanish companies with funds, sovereign institutions and institutional investors and to seek investment.

In addition, the addendum will reinforce investments in public companies dependent on the ministry Cersa and Enisa. In this way, Cersa will receive 630 million for its industrial entrepreneurship support program, while Enisa will have another 283 million to finance its programs aimed at helping Spanish SMEs and startups. EFECOM

csb/jlm

2023-06-09 08:34:49
#Industry #mobilize #million #addendum #reinforce #PERTEs #tourism #plans

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