Nueva convocatoria INVISTE COVID-19 para PYMES gallegas con una subvención a fondo perdido del 75%

From IMPULSO, we are pleased to inform you that the Galician Institute for Economic Promotion (IGAPE) has published a new call for applications named Inviste COVID-19. These are investment grants for the manufacturing of COVID-19 related products. This call, which is non-competitive, has a budget allocation of 5 million euros.

Below, we summarize the main characteristics of these grants:

BENEFICIARIES

SMEs that are carrying out, or plan to carry out, an investment in a work center located in Galicia and that allows for the manufacturing of COVID-19 related products.

TYPES OF PROJECT

Investment projects that enable the manufacturing of COVID-19 related products, such as the following:

• Medicines (including vaccines) and treatments, their intermediate products, active pharmaceutical ingredients, and the raw materials necessary for their production.
• Medical devices, hospital and medical equipment (including respirators, PPE, and diagnostic tools), as well as raw materials necessary for their production.
• Disinfectants and their intermediate products, as well as chemical raw materials necessary for their production.
• Data collection/processing tools.

PROJECT REQUIREMENTS

• The project execution period may not exceed September 30, 2021 (possibility of requesting an extension).
• The aid cannot be combined with other investment aid for the same eligible costs (it can be combined with aid in the form of guarantees to cover losses).
• The aid must have an incentive effect for the submitted project. The aid will be considered to have an incentive effect for projects started from February 1, 2020. For projects started before February 1, 2020, the aid will be considered to have an incentive effect if it is necessary to accelerate or expand the scope of the project; in such cases, aid can only be requested to cover additional costs related to acceleration efforts or scope expansion.
• The eligible investment must be equal to or greater than €100,000.

ELIGIBLE COSTS

Investment costs necessary for the production of the listed products will be eligible. Investments may materialize in the following concepts:

• Civil works necessary for the installation of the equipment described in the following sections, with a limit of 20% of the total eligible investment. Investments consisting of the acquisition of land, whether built or unbuilt, will not be eligible.
• Machinery: process machines and capital goods, as well as the specific installations necessary for their operation.
• Tooling: a set of tools that can be used autonomously or in conjunction with machinery, such as molds, dies, or templates.
• Other investments in tangible fixed assets necessary for the adaptation of production processes.
• Intangible assets directly related to the projects supported.

TYPE AND INTENSITY OF AID

The grant percentage will be 75% of the eligible investment with a maximum aid limit of €800,000 per company (except for companies in the fishing and aquaculture sector (€120,000) and primary agricultural product production (€100,000)). The call offers the possibility of requesting an advance payment within a maximum period of one month from the date of concession.

SUBMISSION DEADLINE

The deadline for submitting applications for the call will be open until September 30, 2020.

June 2, 2020