2024 CALL FOR BUSINESS INVESTMENT PROJECT (PIE) GRANTS FROM SEKUENS NOW OPEN
SEKUENS AGENCY of the Principality of Asturias (formerly IDEPA)
At IMPULSO, we are pleased to inform you that the SEKUENS AGENCY of the Principality of Asturias (formerly IDEPA) has just published the 2024 Call for the BUSINESS INVESTMENT PROJECT (PIE) GRANT Program, with the ultimate goal of boosting the creation and development of companies and supporting job creation, revitalizing the region’s industrial fabric.
This call has a budget allocation of €2,154,118.99, which can be increased by a further €2,000,000.
Below, we summarize the main characteristics of these grants:
BENEFICIARIES
Sole traders and companies with their own legal personality that carry out a business investment project within the territorial scope of Asturias.
These grants may be awarded to both SMEs and Large Enterprises. In the case of SMEs, for any form of initial investment, and in the case of Large Enterprises, only for an initial investment in favor of a new economic activity.
PROJECT TYPES
Program 1. Grants for business investment:
- Initial investment: establishment of a new facility, diversification of production, expansion of capacity, or fundamental change in the production process of an existing facility.
- Initial investment in favor of a new economic activity: establishment of a new facility or diversification of an existing facility’s activity.
PROJECT REQUIREMENTS
- The investment project must involve an amount greater than €50,000 and less than €100,000,000.
- Incentive effect.
- The beneficiary must provide a minimum financial contribution of 25% to the project.
- Maintain permanent jobs (existing at the date of application and created, if applicable) until 3 years after the end of the execution period and maintain the subsidized assets for a period of 5 years from the end of the execution period.
For the assessment of applications, the following will be taken into account: company size, job creation, stimulating effect, technology (aligned with the RIS3 strategy), and endogenous factors.
ELIGIBLE COSTS
- Tangible assets: land and development, buildings, facilities, and equipment.
- Intangible assets: assets that do not have a physical or financial materialization, such as patents, operating licenses, technical knowledge, etc.
TYPE AND INTENSITY OF GRANT
Non-refundable grant. For the same project, taking into account other aid for it, the following maximum intensity must not be exceeded: 35% for small enterprises, 25% for medium-sized enterprises, and 15% for large enterprises.
The project with the highest score will obtain the maximum intensity percentage according to its size. The remaining projects will receive a grant proportional to the difference between their score and the maximum score awarded.
SUBMISSION DEADLINE
Open until July 3, 2024, at 2:00 PM.
2024-05-20
