La Xunta de Galicia has mobilized a historic business aid package exceeding 186 million euros through the Galician Institute for Economic Promotion (Igape). This was announced by the director of Igape, Covadonga Toca, in his appearance before the Galician Parliament, highlighting that this first quarter of the year has been characterized by an unprecedented concentration of 19 support lines aimed at strengthening the region's business fabric.
"Never before has so much been made available, so quickly and with such focus, to the Galician companies"Toca emphasized, underlining the regional government's commitment to standing "alongside businesses" as its main strategy." economic policy.
The series of measures is structured around four key pillars: financing, competitiveness, innovation, and internationalization, seeking to provide comprehensive coverage for the needs of Galician businesses.
In the field of , Igape has activated a new model that combines direct loans, guaranteed lines of credit, and interest subsidies, mobilizing more than €115 million in public resources. Of particular note is the €50 million direct loan facility, which offers advantageous conditions to finance strategic projects in areas such as innovation, internationalization, working capital, and business consolidation. Additionally, the access to credit facility is expected to facilitate more than a thousand transactions, injecting €150 million with bonuses of up to 1,8 percentage points.
With regards to business competitiveness, Igape has launched initiatives worth €46 million. Among them, the support line for business establishments in Galicia stands out, with €12 million in subsidies that can reach up to 35% of the investment in tangible and intangible assets, as well as a €10 million line aimed at boosting investment in equipment.
La Capabilities It also occupies a priority place in the Xunta's strategy, with an investment of 12,5 million euros this year. Through programs such as Galicia Exports Companies (€8,3 M), Galicia Exports Intermediate Organizations (€1,5 M) and FOEXGA (€2,38 M), The aim is to facilitate the expansion of Galician SMEs and large companies by supporting their participation in international fairs, foreign marketing campaigns, and export-oriented digitalization projects.
Finally, the network of business antennas of the Igape, with presence in strategic markets such as Mexico, USA, Morocco, China, Japan and United Arab EmiratesIt stands as a fundamental "first support" for Galician companies seeking expand internationallyThese offices, which cover a potential market of more than 2.000 billion consumers, will be strengthened with the upcoming opening of a new branch in Brazil, aiming to improve connectivity with the Latin American market, and another office currently under development.
With this ambitious deployment of resources, the Xunta de Galicia and the Igape They seek to generate a significant impact on the revitalization of the regional economy, boosting competitiveness, innovation, and the international projection of Galician companies.
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