This call opened upon its publication in the Official State Bulletin (BOE) on February 12. It includes a set of diverse measures with the common aim of promoting research and development in foreign companies seeking to establish themselves in Spain or those that, being already established, wish to commence and develop their R&D activities.
The aim of the "Investment program for foreign companies involved in R&D activities" is to support investment in plants, equipment, human resources and technology to the extent that they are used in the project in order to contribute to improving the competitiveness and productivity of the Spanish economy.
In particular it is expected to favor two types of activities of foreign-funded enterprises; on the one hand, the projects of companies that are not yet implemented but wish to establish an R&D center in our country, i.e. so-called "greenfield" projects; and on the other hand, companies that are already implemented provided they attract new corporate R&D projects to the subsidiary in Spain.
The amount of aid may amount to an overall maximum of 200,000 euros per beneficiary over any period of three consecutive fiscal years and will be a percentage of the investment made. The subsidized activities must be performed before December 31, 2016 in one or more of the following regions: Extremadura, Andalusia, the Canary Islands, Castilla-La Mancha, Murcia, Galicia and Valencia.
Managing ERDF funds since 2007
ICEX- Invest in Spain has been managing the European Union ERDF funds since 2007, always with the aim of attracting R&D in our country:
In a first stage with the "Promoting the Establishment of Foreign Companies" program funded by the Technology Fund Operational Program. Calls were published from 2008 to 2014 under this framework.
And in a second stage with the renewed "Investment program for foreign companies involved in R&D activities", known as the Intelligent Technology Fund that began with the call in 2015 under the framework of the Smart Growth Operational Program.
Last updated: 28|09|2017