The call for applications opened yesterday, until 5 July 2013, for the SPRI Gauzatu-Industria programme, with the aim of promoting the creation and development of technology-based and/or innovative SMEs.
26MM€ on very advantageous terms
The aid to be granted in the form of repayable advances may amount to up to 35% of the investment eligible for support, with a maximum of 120,000 euros per job created and a limit that in no case may exceed the sum of 1,500,000 euros. The publication in the BOPV can be consulted at: http://www.lehendakaritza.ejgv.euskadi.net/r48-bopv2/es/bopv2/datos/2013/05/1302451a.pdf
"The conditions of this programme are the best for a company with a medium-term investment programme. The programme is flexible and gives you 3 years to make the committed investments. It must be linked to job creation. Both the interest rate and the repayment terms are very beneficial for the SME" points out Diego Gutierrez (ABRA INVEST) SME corporate finance expert.
In 2012, more than 40 companies were beneficiaries.
From the analysis of last year's list of beneficiaries (2012), several companies stand out for their amount, being from a wide variety of sectors. For example, Kiro Robotics 1.5 million belongs to the Mondragón group and is dedicated to medical devices for oncology. The company http://www.itcs-group.com/en/home.htm The information technology company also received almost €1.5 million. An industry benchmark such as Matz-Erreka, S. Coop.The company also earned almost €1.4 million, focusing on activities such as doors and fasteners and precision plastics.
Possibility of facilitating private financing
"I would encourage companies that have financial difficulties and are considering the introduction of private investors in their shareholding to apply. Obtaining this soft financing on good terms can help third party investors to come in, as it means a lower investment and the possibility of accessing cheap, long-term resources," says Diego Gutierrez.
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