Andalucía TRADE offers its new incentives to the Andalusian aerospace sector, a priority for the industrial growth of Andalusia

Antonio Castro presented the instruments and services to support companies in Andalucía TRADE to the companies of the Andalucía Aerospace Cluster

The general director of Andalucía TRADE, Antonio Castro, presented in Seville to the Andalusian aerospace sector, marked as a priority for the Andalusian public agency, the new incentives to business investment of this public entity “to increase the capacities of the sector, already outstanding, to face its future challenges”. “It is 244 million euros, co-financed with FEDER, in non-competitive calls for industrial development and R&D projects in which industrial SMEs have the leading role, although in the R&D line there is also room for larger companies as long as they accompany an SME”, Castro pointed out.

Castro, accompanied by Juán Román, managing director of the Andalucía Aerospace Cluster, reviewed the strengths of the Andalusian sector, “whose turnover and employment data are approaching pre-pandemic levels and contributes 12.84% of Andalusian GDP”. “Andalusia is the second autonomous community in the national export ranking and the one that contributes the most to national growth in aerospace exports, with foreign sales that have doubled (100.4%) over January-July 2023, reaching 1,813 million euros.

“The sector must prepare to face the challenges of sustainability, the foreseeable increase in orders and the need to improve the competitiveness of the sector by strengthening the commitment to R&D. To this end, the head of Andalucía TRADE has indicated that, in addition to the current lines, new lines of R&D are planned, these already in competitive calls, in addition to a forthcoming line of incentives for internationalisation that will be added to the actions that we continue to develop to facilitate the exit of Andalusian companies abroad. All this, up to reaching the forecast of 412 million euros until 2027 in incentives, in addition to another 355 million, at least, in financial instruments that will be managed by Andalucía TRADE and the Regional Ministry of Economy”, he concluded.