ICEX-INVEST IN SPAIN

Navarre

Grants for investment

These are annual calls divided into three large blocks depending on the type of company: grants for industrial SMEs, grants for agrifood industries and grants for large companies. In the 2017 calls the highest grant scope was 30% for industrial SMEs, 10% for large companies with a cap of € 0.5M and 28% for agrifood industries with a cap of € 2M per productive plant.

Grants for R&D

Grants for R & D projects: Non-repayable grants for R & D projects that can reach up to 80% of the project's expenses. There are also grants for the hiring of technologists, technology centers and consultants for application to European calls. There are calls every year.

Other grants

There are also other grants such as grants for training schemes with commitment to recruit, Activa Industry 4.0 grants for the digital transformation, subsidies for the internship hiring of unemployed people under 30 years of age or grants for hiring people with disabilities among others.

In addition to the subsidies, it is important to highlight that Navarra's own tax regime bolsters productive investments as well as R & D. Therefore, investment in new fixed assets has a 10% deduction in corporate tax. In the case of R & D expenses, the deduction reaches 40%. The hiring of personnel also has a deduction of € 5,000 per person hired.

Financial suport by SODENA

 Capital riesgo: Venture capital consists of acquiring a share in the capital of non-listed companies, usually a minority share on a temporary basis.

It is Sodena’s main financial instrument when undertaking investment projects.

Sodena is an active venture capital partner that supports the management of the companies it participates in. It gets involved in decision-making on the Board of Directors and puts its wide network of contacts at the company’s disposal.

EIB financing: The European Investment Bank (EIB) granted the Government of Navarra, through Sodena, a loan of 100 million euros to finance investment projects of SMEs and Navarra "Midcaps".

Agreements with Reciprocal Guarantee Societies Elkargi and Sonagar: Sodena, with the aim of increasing access to financing for SMEs and self-employed workers in Navarra, has signed a collaboration agreement with the reciprocal guarantee societies ELKARGI and SONAGAR.

Financing agreement Enisa Sodena: ENISA and Sodena signed an agreement to invest in business projects established in Navarra that provide innovation and improve the competitiveness of the business sector in the region.

Last updated: 17|01|2018

The information on these pages was prepared by each autonomous community

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