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The Government renews aid to the re-industrialisation with 400 million

The Council of Ministers has renewed today the aid to the re-industrialisation and the strengthening of the industrial competitiveness (the so-called Plan Reind

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The Government renews aid to the re-industrialisation with 400 million

The Council of Ministers has renewed today the aid to the re-industrialisation and the strengthening of the industrial competitiveness (the so-called Plan Reindus) with an injection of resources of 400 million euros. The vice-president of the Government, Carmen Calvo, has said that this package of resources intended to contribute to the industrial activity close to the target of 20% of GDP --currently at 16.3%-- and has assured that, with that amount of resources committed, it is possible to create a milllar of new jobs.

The program, which was created in 2013 and structured from the Ministry of Industry, aims to raise the weight of the industrial sector, to promote the so-called industry 4.0 and promote the sustainability of industrial activity, in addition to strengthen it in areas with risk of depopulation.

The Plan Reindus is articulated through aid funding, with some interest rates that the Government placed at the same level as the market to avoid that may be deemed to be State aid. The interest stood at 1,647% Betist at ten years, with three of lack. The executive also limits the aid that can be awarded to 75% of the total funding. It is expected that the induced investment total for the plan to reach 560 million euros.

According to forecasts of the Ministry of Industry, Andalusia (53,1 million) and Castilla y León (51.5 million) will be the communities most benefited by the implementation of the plan, which for this year have been approved at the end of the year and by an amount less than that provided for by the previous Government. The Basque Country will receive 50.6 million, while Catalonia will be able to capture up to 38.6 million and the Valencian Community, other 38.6 million.

Since it launched the program of aid, the Spanish State has given assistance for a total amount of 2.174 million euros, with an induced investment of 3.066 million, and generated 5.451 jobs in Spain

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