IDEPA opens the 2022 call for the BUSINESS INVESTMENT PROJECTS (PIE) GRANT program
Grants aimed at both SMEs and Large Companies that develop an investment project in the Principality of Asturias
At IMPULSO, we are pleased to inform you that the Economic Development Agency of the Principality of Asturias (IDEPA) has opened the 2022 call for the BUSINESS INVESTMENT PROJECTS (PIE) GRANT Program, aimed at boosting the creation and development of companies and supporting job creation, revitalizing the industrial fabric of the Principality of Asturias.
This call has a budget allocation of €2,500,000, which could be increased up to €3,000,000.
Below, we summarize the main characteristics of these grants:
BENEFICIARIES
Business owners individual and companies with their own legal status that carry out a business investment project within the territorial scope of Asturias. These grants may be awarded to both SMEs and Large Companies. In the case of SMEs, this applies to any form of initial investment, while for Large Companies it only applies to 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) for up to 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 evaluation of applications, the following will be considered: company size, job creation, revitalizing effect, technology (aligned with the RIS3 strategy), and endogenous factors.
ELIGIBLE CONCEPTS
- 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 AID
Non-repayable grant. For the same project, taking into account other aid for it, the following maximum intensity must not be exceeded: 35% for small companies, 25% for medium-sized companies, and 15% for large companies.
The project with the highest score will obtain the maximum intensity percentage according to its size. The remaining projects will receive aid proportional to their score relative to the maximum score awarded.
SUBMISSION DEADLINE
Deadline open until 2:00 PM on September 14, 2022.
2022-04-27
