The Ministry of Industry will grant 340 million of financial support to industrial investment

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The Ministry of Industry will grant 340 million of financial support to industrial investment




The Minister of Industry, Commerce and Tourism, Reyes Maroto. (EFE)


© EFE
The Minister of Industry, Commerce and Tourism, Reyes Maroto. (EFE)


He Ministry of Industry, Commerce and Tourism will grant 340.9 million euros of financial support to industrial investment focused on improving the existing production lines, the productive implementation of ‘Connected Industry 4.0’ technologies and other investments aimed at improving its environmental sustainability.

This is how the State official newsletter (BOE), where it is explained that the reimbursable loans to be granted will be up to 75% of the bankable investment with a total repayment term of up to 6 years and a 3-year grace period.

The companies that want to apply for the aid must be companies with legal personality, legally constituted in Spain, that are not part of the public sector and that develop a productive industrial activity, regardless of their size.

The submission period will begin from August 9 and will end next August 20th.

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