CDTI EXTENDS THE DIRECT EXPANSION LINE (LIC-A) NATIONWIDE

IMPULSO would like to inform you that among the EXTRAORDINARY MEASURES launched by the Ministry of Science and Innovation, through CDTI, to support the maintenance of high value-added activities and the creation of capacities to reactivate the economy in the field of business innovation, the extension of the CDTI Direct Expansion Line (LIC-A) to the entire national territory, starting in April, stands out.

Below, we summarize the main characteristics of these grants:

PROGRAM PURPOSE

Grants for initial investment and initial investment in favor of a new economic activity to boost the growth of innovative companies, primarily improving the capabilities of SMEs and mid-cap companies.

BENEFICIARIES (EXTENDED NATIONWIDE)

Individual companies validly constituted with their tax domicile in Spain that develop an investment project in the assisted regions:

• In Aragon (excluding Zaragoza city), Asturias, Balearic Islands (partially), Cantabria, Castile and León, Catalonia (partially), Ceuta, Community of Madrid (partially), Valencian Community (excluding Valencia city), Galicia, Navarre (partially), La Rioja (partially), and Basque Country (partially), only SMEs may be beneficiaries.
• In the rest of the assisted regions (Andalusia, Castile-La Mancha, Region of Murcia, and Melilla), company size will not be considered for eligibility.

Excluded sectors: steel, coal, shipbuilding, synthetic fibers, transport, energy, fishery and aquaculture products, and primary agricultural production.

PROJECT TYPES

• Initial investment projects, related to:
  • The creation of a new establishment.
  • The expansion of the capacity of an existing establishment.
  • The diversification of an establishment’s production into products not previously produced there.
  • A fundamental transformation of the overall production process of an existing establishment.
• Initial investment projects in favor of a new economic activity, related to:
  • The creation of a new establishment for a new activity.
  • The diversification of an establishment’s activity, provided that the new activity is not identical or similar to the one previously carried out at the establishment.

PROJECT REQUIREMENTS

• Incentive effect: The application must be submitted before starting work on the project.
• Project duration: minimum 6 months, maximum 18 months, with a single milestone.
• Budget: between €175,000 and €30,000,000.
• Once completed, the investment must be maintained in the beneficiary area for at least five years, or at least three years in the case of SMEs.
• This grant is incompatible with any other aid.

ELIGIBLE CONCEPTS

• Acquisition of new fixed assets that represent innovation and improvement of the company’s capabilities, which may include:
  • Tangible assets: consisting of facilities, machinery, and equipment.
  • Intangible assets: assets without physical or financial embodiment, but which are amortizable, such as patents, licenses, know-how, or other intellectual or industrial property rights. In the case of large companies, these will only be eligible up to a limit of 50% of the total eligible investment costs of the project for the initial investment.

TYPE AND INTENSITY OF AID

Partially reimbursable aid of up to 75% of the total eligible budget, with a non-reimbursable tranche of 5% in the case of CDTI Funds and 10% if co-financed with ERDF Funds.

In any case, the aid intensity measured in gross grant equivalent may not exceed the following limits:

The reimbursable tranche will be subject to a fixed interest rate equal to one-year Euribor + 0.5% if ERDF Funds are involved. In the case of CDTI Funds, this will apply to the total aid. Amortization will be 7 years, with a one-year grace period from the project’s completion.

This type of financing does not burden the company’s banking risk, as it does not appear in CIRBE figures.

Possibility of an advance payment of 50% of the granted aid, without additional financial guarantees, which can be increased up to 75%.

SUBMISSION DEADLINE

Permanently open.

03/18/2020