The Regional Ministry of Economic Transformation will keep the aid line open until September 10, endowed with 15 million and whose payments will be fully anticipated

The Official Gazette of the Junta de Andalucía (BOJA) has published the call of the Regional Ministry of Economic Transformation, Industry, Knowledge and Universities by which it opens the deadline for submitting applications for grants of up to 300,000 euros to favor the liquidity of SMEs belonging to the aerospace, naval and other advanced transport systems sectors. This urgent and extraordinary measure is endowed with 15 million euros, co-financed with the ERDF, and aims to facilitate the survival of these companies and services linked to the industry in the face of the COVID-19 crisis.

SMEs of the aforementioned sectors that focus their activity on manufacturing, repair and maintenance activities, and their value chains will be able to opt for the incentives. Applications can be submitted online until September 10. The maximum resolution period will be three months from the date of submission of the application.

This measure is intended to contribute to preserving a matrix of indigenous industries to rebuild and relaunch the Andalusian productive fabric, capable of adapting to change, with international projection and with the power to attract the rest of the SMEs in these activities. In this way, it seeks to prevent the economic crisis derived from the pandemic from causing a significant destruction of the Andalusian business fabric, and with it, deepening a greater distance from other Spanish and European regions.

The recipients of these non-refundable grants are SMEs from these three sectors located in Andalusia, whose turnover in 2020 was at least 15% lower than that of 2019. These activities bring together more than 700 companies in Andalusia with a turnover close to 1,500 million euros and that employ more than 19,500 people.

The incentives may reach 50% of the net fall in income for the year 2020 compared to that of 2019, taking into account that the decrease in working capital is proportional to the net decrease in turnover. In the case of companies owned mostly by women, the percentage to be applied to determine the amount of the aid will be 55%.

The maximum amount will in any case be 300,000 euros, although these grants are compatible with other subsidies or any other type of public financing. Subsidies will be paid through advance payment for one hundred percent of the amount awarded.

Flexibility of conditions

The Decree-Law that regulates this call introduces some modifications to the requirements imposed by previous regulations, with the intention of benefiting the largest possible number of SMEs in the aforementioned sectors located in Andalusia. On the one hand, the consideration of essential main activity contemplated in Decree-Law 10/2020, of March 29, on administrative flexibility regarding aid in the economic, local and social fields as a consequence of the situation caused by Covid-19 is eliminated as a condition .

The requirement of the minimum number of workers that the interested companies must gather in their workforce is also abolished. The compatibility of these aids with other subsidies or other types of public financing (direct or guaranteed loans) granted by any Administration and also aimed at favoring the working capital of companies is also made more flexible, up to a global maximum of 1.8 million euros for each company.

The new rule modifies the minimum percentage of the drop in sales and the period considered for calculating it.

Applications are available at the IDEA Agency virtual office