The Central Government provides financial aid and tax benefits for activities pursued in certain industries which are considered to be priority industries (e.g., mining, technological development, research and development, etc.) in view of their potential for growth and their impact on the nation’s overall economy. Additionally, Autonomous Community governments provide similar incentives for most of these industries.
Financial aid includes both nonrefundable subsidies and interest relief on loans obtained by beneficiaries, or combinations of the two.
The main official programs supporting the industrial development projects to support innovation currently in force are:
3.1 Research, development and technological innovation
a. 2013-2020 Spanish Strategy for Science and Technology and for Innovation
Encouraging innovation, technological improvement and research and development projects continues to be one of the priority objectives of the Spanish public authorities, since this is a determining factor of the increase in a country’s competitiveness and economic and social development.
Science, Technology and Innovation Law 14/2011, of June 1, 2011, establishes the legal framework for the fostering of scientific and technical research, experimental development and innovation in Spain, founded on a scheme based on the approval of the related Spanish Strategies for Science, Technology and for Innovation, which serve as multi-year reference documents for reaching the statutory objectives and as a basis for the preparation of a State Plan through which to instrument in detail the initiatives required to perform such objectives.
In line with the foregoing, at the beginning of 2013 the Council of Ministers approved, in a combined document, “the Spanish Strategy for Science and Technology and for Innovation” for the 2013-2020 period, whose essential purpose is to promote the scientific, technological and business leadership of the country as a whole and to increase the innovation capacities of the Spanish company and the Spanish economy, defining in this connection the following general objectives:
- Recognizing and promoting R&D&I talent and its employability, with a view to improving the System’s R&D&I training capacities, boosting labor market integration and employability of the trained human resources, both in the public and in the business sectors, and facilitating their mobility among public institutions and between such institutions and the private sector for the pursuit of R&D&I activities;
- Fostering excellence in scientific and technical research; promoting the creation of knowledge, increasing the scientific leadership of the country and its institutions and fostering the creation of new opportunities which lead to the future development of highly competitive technological and business capacities;
- Boosting business leadership in R&D&I, increasing the competitiveness of the productive fabric by increasing R&D&I activities in all areas and, in particular, in those industries deemed to be strategic for growth and job creation in the economies of Spain and its Autonomous Communities;
Fostering R&D&I activities aimed at meeting the global challenges currently facing Spanish society.
In order to attain the foregoing objectives, and having regard to the characteristics of the environment in which the agents of the Spanish System for Science, Technology and Innovation are to pursue their activities, six priority areas of transversal action were identified: (I) defining a favorable environment which enables the pursuit of R&D&I activities; (II) specializing and aggregating the creation of knowledge and talent; (III) stimulating knowledge transfer in open and flexible environments which favor interaction and encourage its conversion into innovative applications, whether commercial or non-commercial; (IV) supporting internationalization and promoting the international leadership of the System; (V) fostering the intelligent specialization of territories with a view to promoting a highly competitive regional framework; and (VI) disseminating a scientific, innovative and enterprising culture throughout society as a whole, with a view to achieving a higher degree of social and institutional acceptance of the entrepreneur.
The structure of the Spanish Strategy for Science and Technology and for Innovations aimed at aligning Spanish policies with the R&D&I objectives pursued by the European Union, defined in the new framework program for the financing of “Horizonte 2020” R&D&I activities, with a view to intensifying the participation of the agents of the Spanish System for Science, Technology and Innovation in the development of the European Research Space, facilitating access to sources of financing at Community level.
In short, the 2013-2020 Spanish Strategy for Science and Technology and for Innovation, as an instrument used to foster the country’s economic growth and competitiveness, defines the conceptual framework used to instrument R&D&I policies in Spain, whose specific initiatives are implemented and instrumented in the related State Plans.
b. 2017-2020 State Plan for Scientific and Technical Research and for Innovation
On December 29, 2017 the Council of Ministers approved the 2017-2020 State Plan for Scientific and Technical Research and for Innovation. Following the State Plan for the 2013-2016 period, this State Plan constitutes the fundamental instrument of the Spanish national government for the pursuit and attainment of the goals of the 2013-2016 Spanish Strategy for Science, Technology and Innovation and the 2020 European Strategy of the European Commission, instrumenting for such purposes the state aid to be used for R&D&I.
This State Plan has the nature of a Strategic Plan pursuant to Subsidies Law 38/2003, of November 17, 2003, and the funds allocated thereunder are granted in accordance with the principles of publicity, transparency, competition, objectivity, efficiency and non-discrimination, and on the basis of a scientific and/or technical assessment performed by specific bodies according to public criteria set forth in the related orders of specifications and calls for aid applications.
The objectives of the 2017-2020 State Plan for Scientific and Technical Research and for Innovation are closely related to those of the 2013-2016 period, given that both Plans are associated with the 2013-2020 Spanish Strategy for Science, Technology and Innovation. Nonetheless, they have been reviewed and brought into line with the priorities of the Spanish Science, Technology and Innovation System for the coming years, so that the projected initiatives have a greater impact, enhance the efficiency of the resources used and make it possible to exploit the strengths of the System as well as to work toward the elimination of its weaknesses.
In summary, the common denominator of all the goals of this State Plan is to contribute to and bolster the country’s scientific and technological leadership and innovative capacities, as essential elements in the creation of quality employment, the enhancement of productivity and business competitiveness, the improvement of the provision of public services and, ultimately, the development and welfare of citizens, including most notably the following objectives: (I) favoring the incorporation and training of human resources in R&D&I; (II) enhancing the scientific leadership and research capacities of the R&D&I system; (III) activating private investment in R&D&I and the technological attraction of the production fabric; (IV) boosting the potential and the impact of research and innovation aimed at meeting society’s challenges; (V) promoting an open and responsible R&D&I model resting on the company’s involvement; and (VI) coordinating synergies and efficiently implementing R&D&I policies and their financing at regional, state and European level.
The initiatives of the national government set forth in the Plan are organized into the following Table 9.
Promotion of talent and its employability.
|Generation of knowledge and scientific and technological enhancement of the R&D&I system||Business leadership in R&D&I||R&D&I aimed at the challenges of society.|
|STATE SUBPROGRAMS||STRATEGIC ACTIONS|
In the area of administrative management, the Plan attributes the management of the financing instruments provided for in the State Programs, as far as initiatives of the Secretary of State for Universities, Research, Development and Innovation are concerned, to the two R&D and IT financing agencies created under Science, Technology and Innovation Law 14/2011: the Center for Industrial Technological Development (Centro para el Desarrollo Tecnológico Industrial or CDTI) and the State Agency for Research (Agencia Estatal para la Investigación) soon to be created.
The Plan also covers the approval of Annual Action Programs as budgetary planning instruments detailing the initiatives to be carried out during the year, the projected annual funding and the initiative’s indicators (management and the attainment of goals).
At the end of the year, all necessary data on each of the previous year’s initiatives will be uploaded into the Science, Technology and Innovation Data System, which will produce a definitive map of the initiatives offered, including management and monitoring indicators for each call for aid applications.
Notwithstanding the provisions of each call for applications for the respective programs and subprograms, in general, the aid included in the State Plan has the following characteristics in Table 10.
|BENEFICIARIES||FORMS OF FUNDING|
For more information please see the following website of the Ministry of Science, Innovation and Universities (http://www.idi.mineco.gob.es/).
c. Strategic Action on Digital Economy and Society
This strategic action comprises a set of measures aimed at the progressive adoption of digital technologies and the development of the Information Society with a view to the transformation of the economy and society towards a digital environment that cuts across all sectors of business activity.
Included within this strategic action are the measures set out in the Digital Agenda for Spain approved in 2013 and structured into six headings: (I) boosting the roll-out of networks and services to guarantee digital connectivity; (II) developing the digital economy for the growth, competitiveness and internationalization of Spanish enterprises; (III) improving e-Government and adopting digital solutions for the efficient provision of public services; (IV) strengthening trust in the digital sphere, (V) promoting the R&D&I system in information and communication technology (ICT), and (VI) encouraging the inclusion and digital literacy and training of new ICT professionals.
The action is set to be implemented through various instruments such as competitive calls for applications for domestic and international aid, agreements with third parties, loans, venture capital, innovative public procurement, awareness initiatives, direct implementation programs and other European financing instruments.
At present, the rules governing the grant of aid in the area of information and communication technology (ICT) and the Information Society, within the context of the strategic action on the economy and society, are contained in Order IET/786/2013, of May 7, 2013, recently amended by Order ETU/508/2017, of June 2, 2017 and by Order ETU/841/2017, of September 5, 2017. The main features of this system of aid are as follows:
— It can take the form of subsidies, loans or a combination of both, with maximum financing, in the case of loans, of up to 100% of the eligible cost of the projects or initiatives, with a variable interest rate to be specified in each call for applications and with a maximum repayment period of 5 years, including a grace period of 2 years.
— The beneficiaries will be enterprises (distinguishing between SMEs, individual micro-enterprises, public corporate enterprises and state-owned business entities), research bodies and business groupings or associations (EIGs, joint ventures, industry business associations and innovation clusters).
— The following will be eligible for aid: industrial research projects (planned research or critical studies aimed at acquiring new knowledge and techniques useful for creating new products, processes or services) and experimental development projects (acquisition, combination and use of pre-existing knowledge and techniques, of a scientific, technological or business nature, for the development of plans, structures or designs of new, modified or improved products, processes or services).
— The costs eligible for subsidies are, among others, personnel costs, instrument and material costs, contractual research costs, technical knowledge and patents acquired or obtained under a license and additional overhead costs directly deriving from the project.
d. Center for Industrial Technological Development (CDTI)
The CDTI (state-owned business entity under the auspices of the Ministry of Science, Innovation and Universities) promotes the technological innovation and development of enterprises, its main objective being to contribute to the improvement of the technological level of enterprises through the pursuit of the following activities:
— Technical/economic evaluation and financing of R&D&I projects developed by enterprises.
— Management and promotion of Spanish participation in international technological cooperation programs.
— Promotion of the international transfer of business technology and support services for technological innovation.
— Support for the creation and consolidation of technologically based enterprises.
Notwithstanding the more detailed presentation found on the CDTI website (www.cdti.es), the lines available to the CDTI for the financing of R&D&I projects include most notably the following:
1. R&D Projects:
This line has the purpose of financing applied business projects for the creation and significant improvement of a productive process, product or services, including both industrial research activities and experimental development.
Three categories of projects are eligible for financing under this line:
— Individual R&D projects for the financing of production processes, products or services submitted by a single enterprise, with a term of 1 to 3 years and a minimum eligible budget of €175,000.
— National Cooperation R&D Projects for projects submitted by business groupings (EIGs or consortiums) with a term of 1 to 4 years and a total minimum eligible budget of €500,000 (and a minimum budget per enterprise of €175,000, the share of any one enterprise in no case exceeding 65% of the project’s total budget).
— International Technological Cooperation Projects for the financing of the participation of Spanish enterprises with a joint collaboration agreement with foreign enterprises participating in international technological cooperation programs managed by the CDTI (multilateral, bilateral programs, international programs with certification and unilateral monitoring by this body) or with an increase in the technological capacity of Spanish enterprises to enhance their possible participation in large international scientific-technological facilities. In these cases, the term of the project may be from 1 to 3 years and the minimum eligible budget of the Spanish enterprise will be €175,000.
— R&D&I projects under a specific call, for R&D&I projects submitted in the context of a specific call for applications published by the CDTI and which will have the aid established in its own call.
The instruments for financing the projects included in this line consist of partially repayable aid (only a part of the aid granted must be repaid to the CDTI), for up to a maximum of 75% of the total budget of the approved project, or 85% on an exceptional basis.
In these projects, the costs eligible for subsidies will be, among others, personnel costs, instrument and material costs, contractual research costs, technical knowledge and patents or certain costs deriving from consulting and equivalent services aimed exclusively at research activities, in addition to supplementary general expenses incurred directly on the research project.
Regarding the advances of the aid that can be obtained, the CDTI offers two different forms: (I) a 25% advance of the aid granted, up to a limit of €200,000, without requiring guarantees additional to the financial terms agreed by the Board of the CDTI when it approved the project; and (II) an advance of 50% or 75% of the aid granted, provided that the applicant furnishes guarantees in order to secure the 25% or 50% excess over the advance without additional guarantees granted by the Center (the guarantees furnished may be from financial institutions, mutual guarantee societies or public entities able to issue guarantees pursuant to the regulations governing them, with sufficient solvency in the opinion of the CDTI).
2. Direct Innovation Line
This financing instrument, directly managed by the CDTI and co-financed with Structural Funds through the Research, Development and Innovation Operating Program, under the “de minimis” rules, is aimed at enterprises (regardless of their size), which carry out technological innovation projects whose objectives cover one or more of the following cases: (I) active incorporation and adaptation of technologies entailing an innovation at the enterprise, as well as processes aimed at improving technologies and adapting them to new markets; (II) the application of the industrial design and engineering of the product and process for technological improvement (projects that not only entail technological modernization for the enterprise, but also a technological leap in the industry in which the enterprise operates); or (III) application of a new or significantly improved production or supply method (including significant changes in the area of techniques, equipment and/or software).
Projects cannot last more than 18 months and the minimum eligible budget will be €175,000. The amount of the financing will be 75% of the eligible budget (CDTI funds), which can be increased to 85% if co-financed by ERDF funds.
Investments eligible for financing will include the acquisition of new fixed assets, personnel, material and consumables, external collaborations, overhead costs and audit costs.
It will be possible to opt for an advance of 25% of the aid granted (up to €300,000) without additional guarantees, or up to 50% or 75% by providing guarantees from financial institutions or mutual guarantee societies with sufficient solvency in the opinion of the CDTI.
3. Global Innovation Line
This line is targeted at financing projects aimed at investing in innovation and incorporating innovative technology for the growth and internationalization of enterprises that pursue their activities in Spain, both at facilities located in Spain and abroad, with a view to meeting the requirements of new markets, improving the competitive position of the enterprise and generating added value.
Projects that are eligible for this program must strengthen the value-added activities that are carried on in Spain and, although they may entail the internationalization of the enterprise’s activities, they cannot lead to the activity being relocated.
This aid is available to SMEs and midcap companies. The maximum duration of the projects may not exceed 2 years and the minimum eligible budget will be €667,000, up to a maximum of €10,000,000, including as eligible items the acquisition of new fixed assets related to the innovation intended to be implemented, the engagement of external services and outsourcing and audit expenses.
The amount of the financing may be up to 75% of the total eligible budget, and guarantees must be requested from financial institutions with sufficient solvency in the opinion of the CDTI) for 50% of the loan, which may reach 100% depending on the economic-financial analysis performed by the Center. The interest rate will be calculated loan to loan, taking into account the characteristics of the transaction and of the beneficiary, with a repayment term of 7 years. Advances of 25%, 50% or 75% of the loan may be obtained up to a maximum of €4 million, without guarantees beyond those already required.
4. INNODEMANDA Program
INNODEMANDA Program is a financing instrument to support the technological offer in innovative public procurement processes convened by the authorities. This program finances an enterprise’s innovation costs required in a particular public procurement process, in such a way that the contracting body has more competitive offers, fostering a greater use of innovative products and services by the Administration.
The operation of this program requires a synchronization between the scheduled time of a particular procurement and the time of application, analysis and resolution of the R&D by the CDTI required for participation in the that tender.
To this end, it is necessary the formalization of a Adhesion Protocol between the CDTI and the contracting bodies, specifying, among others, the most significant milestones established in the invitation to tender, as well as the implementation deadlines, conditions and legislation applicable to the financing offered by the CDTI for R&D activities.
5. NEOTEC Initiative
The aid under the NEOTEC Initiative finances the start-up of new business projects that require the use of technologies or knowledge developed from a research activity, in which the business strategy is based on the technological development.
Technology and innovation must be competitive factors that help to set the enterprise apart and serve as a basis for its long-term business strategy and plan, with the maintenance of its own R&D lines.
The aid can be used for business projects in any technological and/or industrial area. The 2017 call for aid applications did not admit business projects whose business model was primarily based on services to third parties, without their own technological development.
The aid will take the form of subsidies, and beneficiaries must be innovative small companies, incorporated not more than 3 years prior to the date of the deadline for submitting applications and in accordance with the requirements imposed in each call for aid applications.
The maximum budget of the 2017 call for aid applications was €20 million. A new call for applications for this line of aid is expected to be launched in 2018.
6. CIEN Strategic Projects
The Strategic Program of Consorcios de Investigación Empresarial Nacional (CIEN) (National Business Research Consortiums) finances major industrial research and experimental development projects, carried out by business groupings on the basis of effective cooperation and targeted at the performance of planned research in tomorrow’s strategic areas with potential international projection.
It also pursues the promotion of public-private cooperation in the area of R&D and, accordingly, requires the appropriate outsourcing of activities to research bodies.
The eligible industrial research and experimental development activities are those defined in European legislation on state aid.
Each call for aid applications will detail the characteristics (composition of the consortium, eligible expenses, etc.) and the type of funding of the consortiums.
7. Multi-regional Operational Program for Intelligent Growth
The CDTI, as an ERDF funds manager, designed a regional instrument aimed at boosting the generation of innovative capacities in less developed areas through the funding of experimental development projects carried out by business consortiums: ERDF INNTERCONECTA.
With this instrument, the CDTI aimed to boost cooperation, on projects targeted at the regions’ needs and at generating innovative capacities that foster greater territorial cohesion.
In the 2014-2020 period, calls for aid applications will be co-funded through the Multi-regional Operational Program for Intelligent Growth. The basic requirements for a transaction to be selected are: (I) it must comply with national and Community legislation on European Structural and Investment Funds and on State Aid; (II) it must be in line with the objectives of the related Operational Program; (III) it must be in line with the strategy of the National R&D&I Plan; (IV) it must support tech-based enterprises, whether large or SME, as well as recently formed tech-based enterprises, preference being given to the participation of public research centers and technological or innovation support centers in the projects; (V) it must support R&D activities; and (VI) it must help to generate a competitive advantage for the enterprises in their respective fields of action and, at the same time, serve to increase the level of technical knowledge in the industry in which they operate.
8. EIB Financing
The European Investment Bank (EIB) granted Spain a loan to serve as support for investment projects carried out by SMEs and mid-and small-cap companies with less than 3,000 workers.
The EIB financing is to be used for loans granted by the CDTI to R&D projects with a minimum term of 2 years. Projects of small size and investments with a projected maximum cost of €25 million can be financed, although the EIB’s contribution cannot exceed €12.5 million.
Potentially eligible are loans requested by companies established in an EU Member State and which are (I) independent SMEs with less than 250 workers prior to the investment; or (II) independent mid-cap companies with less than 3,000 workers prior to the investment.
Nearly all economic industries are eligible, save for certain exceptions: weaponry, arms and ammunition production; military or police installations or infrastructures; materials or infrastructures used to limit individual rights or personal freedom; games of chance; tobacco-related industries; activities entailing the use of live animals for experimental or scientific purposes; activities whose impact on the environment cannot be mitigated or compensated; activities that are controversial for moral or ethical reasons; activities whose sole purpose is real estate speculation.
9. Internationalization of R&D&I
At international level, the CDTI offers support to Spanish enterprises and promotes technological cooperation abroad through various programs aimed at financing cooperation projects and initiatives, including most notably:
» Aid for the Preparation of Community Proposals (APC)
The purpose of this aid is to foster the participation of Spanish companies in Research and Innovation Initiatives, in Innovation Initiatives and in phase II SME Instrument Initiatives, funded by the European Union Framework Program Horizon 2020 (H2020) and co-managed by the CDTI. It is possible to fund the preparation and submission of proposals, and aid will be valued at a fixed amount depending on the project’s budget, the company’s involvement in the project and the role it plays.
The aid consists of fixed-interest loans (1-year Euribor in force when the aid is approved) of between €12,000 and €50,000. The aid will not have to be repaid if the proposal does not obtain funding, provided that the proposal is eligible and reaches 100% of the assessment threshold stipulated for each call for aid applications.
» EUROSTARS Program
The aim of this EU Program is to aid the development of transnational market-based projects by SMEs engaging in intensive R&D activities. It is ultimately about favoring the generation of projects of this nature which represent a break with the technical state of the art and a commercial challenge in such a way as to enable these enterprises to take a significant qualitative leap in their position on the market.
The mechanisms envisaged for materializing the aid designed under this program are fundamentally the following: (I) creating a sustainable European mechanism to support these organizations; (II) promoting the creation of economic activities based on R&D findings and introducing products, processes and services on the market more rapidly; (III) promoting technological and business development and the internationalization of such enterprises; and (IV) securing the public funding of those participating in the projects.
In Spain, the Ministry of Science, Innovation and Universities, through the CDTI, is in charge of managing this program.
The ERA – NET scheme consists of a set of European networks of public bodies that provide financing for R&D&I at national level, with the objective of coordinating the research and innovation programs of the European states and regions, and of mobilizing resources to jointly meet technological and strategic challenges in a more focused, consistent and effective manner.
ERA-NET calls for aid applications comprise an international phase and a national phase, each of which has its own eligibility requirements and application procedures, it being essential to comply with all of them in order to obtain the financing (only projects approved in the international phase of the calls can become candidates eligible to receive CDTI financing.
On June 13, 2017, the European Parliament approved the creation of PRIMA-Partnership on Research and Innovation in the Mediterranean Area, a new research and innovation initiative in the Mediterranean area aimed at fostering a more sustainable management of water, agricultural and agro-food chain systems. Through cooperation-based R&D projects, PRIMA has the goal of developing research and innovation capacities, as well as developing knowledge and common innovative solutions for agro-food and water supply systems in the Mediterranean area, so as to make them sustainable, in line with the Sustainable Development Goals of the 2030 UN agenda.
The eligible consortium must be formed by 3 entities from three different PRIMA countries, of which at least one must be established in one of the following European States: Croatia, Cyprus, France, Germany, Greece, Italy, Luxembourg, Malta, Portugal, Slovenia and Spain, and at least one other in Algeria, Jordan, Egypt, Lebanon, Morocco, Israel, Tunisia or Turkey.
This initiative is broken down into two sections: Section 1 (funded by the PRIMA Foundation) and Section 2 (funded by the national financing bodies of the participating countries). Section 1 has a total estimated budget of €18 million, while that of Section 2 is €32 million. The Annual Working Plan for 2018, with information on calls for aid applications, is posted on the initiative’s website http://prima-med.org/.
» International Technological Cooperation Projects
These projects are aimed at enhancing the added value of innovation made at international level, and enable Spanish companies to strengthen their technological capacities, while extending the impact of their products, processes and services on global markets.
Aid for the project will take the form of partially repayable aid, with a financial coverage of up to 75% of the total approved budget, able to rise to 85% on an exceptional basis, with the following tranches:
- A tranche repayable over 10 years, starting with the project’s center of gravity, which is calculated having regard to the duration of the project and the amount of the budgetary milestones. The first repayment is made 3 years after the project’s center of gravity, with a minimum of 2 years after its completion date. This repayable tranche will have a fixed interest rate equal to 1-year Euribor, to be established upon approval for the project.
- A non-repayable tranche for the international nature of the project. In order to qualify for this reduction phase, projects must be in possession of the related stamp certifying the existence of cooperation between entities and the international nature of the proposal. Depending on the characteristics of the project, the non-repayable tranche can be up to 30% of the financial coverage.
The CDTI also provides personalized advice to companies and entrepreneurs on the financing instruments that are best suited to their R&D&I-related needs and projects. To access this service, interested companies need to fill out an electronic form and attach to it the documentation on the project being submitted to the CDTI for its assessment (more information at http://www.cdti.es).
3.2 Tourism industry
Against the backdrop of the European monetary union and economic and social convergence, and in a competitive environment characterized by the globalization of supply and demand and the internationalization of tourism companies, the Spanish tourism industry is seeking to strengthen its leadership position based on quality.
For this purpose, the Spanish Tourism Plan Horizon 2020 is aimed at reaching the following objectives: (I) to increase the social and economic benefits of tourism; (II) to achieve a social/territorial rebalance which boosts the tourist business at new destinations; or (III) to improve the quality of the national and cultural environment by reducing the potential negative impact of the tourist business.
In the context of the aforesaid Plan, calls for aid applications were published for number of programs, such as “Emprendetur Jóvenes Emprendedores” (Emprendetur Young Entrepreneurs), “Programa Emprendetur I+D+I” (Emprendetur R&D&I Program) or “Emprendetur Internacionalización” (Emprendetur Internationalization) regulated by Orders IET/2482/2012, IET/2481/2012 and IET/2200/2014, respectively. In all three cases, the aid took the form of loans, the maximum financing being up to 100% of the eligible cost, in the first case, and up to 75% in the second and third cases, provided that the amount granted, under any of the three lines, did not exceed €1,000,000 or the company’s net worth figure at the time of application.
In all three programs the loans granted had a maximum term of 5 years, including a 2-year grace period, and were subject to a reduced interest rate, set in each call.
The last call for aid applications under Emprendetur Jóvenes Emprendedores and Emprendetur Internacionalización were published in 2015, while that related to Emprendetur I+D+I took place last year. The Secretary of State for Tourism has been unable to confirm whether or not new calls are to be published under these Programs in 2018.
3.3 Audiovisual industry
One of the priority objectives of Cinema Law 55/2007 is to bolster the promotion and development of the production, distribution and showing of films and audiovisual works, as well as to establish terms favoring their creation and dissemination and to adopt measures for the preservation of film-making and audiovisual heritage.
Apart from the tax incentives applicable to the film-making industry, the following are some of the main incentives included in the Cinema Law, as well as in Order CUL/2834/2009, of October 19, 2009, and in Order ECD/279/2015, of December 18, 2015, setting forth the rules for applying Cinema Royal Decree 1084/2015, of December 4, 2015 (regulatory implementation of Law 55/2007), in connection with the acknowledgement of film costs and producers’ investments, the establishment of the terms of reference for state aid and the structure of the Administrative Register of Cinematographic and Audiovisual Enterprises. It is important to note that, according to the information furnished, a new Ministerial Order amending Order ECD/2796/2015, of December 18, 2015, is to be published in March 2018 and, accordingly, the aid described below could undergo modifications.
Spanish-resident individuals and Spanish companies and companies from other European Union or European Economic Area Member States may qualify for these incentives, provided that they have their residence or establishment in Spain at the time of the actual receipt of the aid.
The structure of the aid system is as follows in Tables 11, 12 and 13.
CREATION AND DEVELOPMENT
|LINE OF AID||ELIGIBLE FOR AID||MAXIMUM AMOUNT (€)|
|Scriptwriting of full-length motion projects.||Projects for the preparation of full-length motion picture scripts which comply with the terms of the call for aid applications (i.e., they are in any of the official languages of Spain, they are original, etc.)||€40,000 per project with a maximum of 15 grants of aid per call.|
|Development of full-length motion picture projects.||
The expenses need to develop the projects (improve the script, search for locations, identification of cast, initial sales plans, etc.).
|It cannot exceed €150,000, provided that such amount does not exceed 50% of the budget for developing the project or of the producer’s investment.|
|Cultural and non-regulated training projects.||Projects (I) belonging to the theoretical field or the field of editing, inter alia, which are capable of enriching the Spanish audiovisual panorama from a cultural standpoint or (II) supporting specific non-regulated training programs: for professionals (including creative and technical personnel) or for the general public.||
It cannot exceed €50,000, provided that such amount does not exceed 50% of the project’s budget.
|LINE OF AID||ELIGIBLE FOR AID||MAXIMUM AMOUNT (€)|
Production of full-length motion pictures projects
Projects with proven cultural nature in a position to obtain Spanish nationality.
|It can be up to €1,400,000, provided that this amount does not exceed 40% of the cost acknowledged to the full-length motion picture by the Institute of Film-making and Audiovisual Arts (Instituto de Cinematografía y de las Artes Audiovisuales or ICAA).|
Projects (I) of special cinematographic, cultural or social value, (II) for a documentary, or (III) incorporating new producers.
|The call for aid applications will stipulate the maximum amount of the aid which, within the annual credit used for them, can be up to €500,000, provided that such amount does not exceed 40% of the project’s cost. Not less than 15% and not more than 25% of the annual credit must be used for projects for a documentary.|
|Production of TV movie and documentary projects
|TV movie and documentary projects which are longer than 60 minutes and shorter than 200 minutes, and which are not to be shown in movie theaters, provided that, among other requirements, they are filmed on photochemical medium or high definition digital medium. For a project to be eligible for aid, there must be a contract or a statement of interest in the project from one or more radio or television broadcast service providers.||
Calculated by applying the appropriate percentage, according to different tranches, to the amount of the budget (which cannot be less than €700,000), with maximum annual credit of €300,000, provided that such amount does not exceed the independent producer’s investment or 50% of the budget.
Production of animated series projects
|Animated series projects. For the project to be eligible for aid there must be a contract or a statement of interest in the project from one or more radio or television broadcast service providers.||It cannot exceed €500,000 for budgets exceeding €2,500,000, and €300,000 for budgets of lower amounts. In both cases, said amounts cannot exceed the independent producer’s investment or 60% of the budget.|
|Amortization of full-length motion pictures*||General||
Amortization of the cost of producing full-length motion pictures which meet a number of requirements (Spanish nationality, classed by age groups, acknowledged cost and producer’s investment, etc.)
|The maximum amount of the general aid for amortization cannot exceed €400,000, provided that such amount does not exceed 50% of the film’s cost or 75% of the producer’s investment. The aid will be conditional on the liquidation resulting from the number of spectators. The total maximum amount of the supplementary aid plus the general aid cannot exceed €1,500,000.|
Amortization of the cost of producing full-length motion pictures (I) whose acknowledged cost is at least €600,000, (II) which have not obtained aid for the production of full-length motion picture projects, and (III) which meet a number of requirements (Spanish nationality, classed by age groups, acknowledged cost and producer’s investment, etc.).
|The maximum amount of the aid cannot exceed €1,200,000, provided that such amount does not exceed 50% of the film’s cost or 75% of the producer’s investment. The amount is calculated according to a number of parameters (type of full-length motion picture, invitation to the official section of film festivals of recognized international prestige, nature of the production company, investment, etc.) The total maximum amount of the general aid plus the supplementary aid cannot exceed €1,500,000.|
Production of short film projects
Short film projects.
|The maximum amount of the aid cannot exceed the producer’s investment or 75% of the cost acknowledged by the ICAA. Compatible with aid for the production of completed short films, although the sum of the two types of aid cannot exceed the cost of the film or the maximum ceiling of €70,000 per beneficiary film.|
Production of completed short films
Completed short films.
|The maximum amount of the aid cannot exceed 75% of the cost acknowledged by the ICAA. Compatible with aid for the production of short film projects, although the sum of the two types of aid cannot exceed the cost of the film or the maximum ceiling of €70,000 per beneficiary film.|
|LINE OF AID||ELIGIBLE FOR AID||MAXIMUM AMOUNT (€)|
Distribution of Spanish, Community or Latin American films.
|Distribution of full-length and short films, where less than 2 years have elapsed since they opened in the country of origin, which were destined for distribution in movie theaters, mainly in the original version, during the calendar year prior to the publication of the call for aid applications in which they participate.||
The maximum amount of the aid cannot exceed €150,000 per full-length beneficiary film or group of short films. The aid may be subsidized up to 50% of the cost of the making of copies, dubbing, subtitling and advertising and promotional expenses, and of the technical means and resources invested in order to prepare the film for persons with disabilities. For the purpose of this aid, the aforesaid costs cannot be subsidized where they have been acknowledged, in whole or in part, as an expense attributed to the producer.
For the preservation of cinematographic heritage.
|Making of duplicates necessary to guarantee the preservation of cinematographic and audiovisual works and their original media, for the production companies or owners of films which undertake not to export for at least 10 years the original negative of the films and. among other requirements, deposit the related medium with the Spanish Film Library or the Film Library of the appropriate Autonomous Community.||
The maximum amount of the aid cannot exceed €75,000, and the amount of each grant of aid cannot exceed 50% of the cost of making such duplicates as are necessary to perform the preservation function.
For the participation of Spanish films in festivals
|Participation of films that have or are in a position to obtain Spanish nationality in festivals and award ceremonies of recognized prestige.||
To be determined in each call for aid applications.
|For the organization of film festivals and competitions in Spain||Organization and holding of film festivals or competitions of recognized prestige in Spain, and which devote special attention to the programming and dissemination of Spanish, EU and Latin American cinema, animated films, documentaries and short films, provided that at least two consecutive editions of those festivals or competitions have been held in the three years preceding the date of publication of the call for aid applications.|
For the production of audiovisual works using new technologies
|Production of audiovisual works which use new technologies in the audiovisual and cinematographic field and are distributed using any electronic means of transmission which allows for the broadcast and receipt of both image and sound other than as transmitted for movie theaters, television or domestic videos.||
The maximum amount of the aid cannot exceed €100,000, provided that such amount does not exceed 50% of the project’s budget.
Notwithstanding the foregoing, please note that the ICAA is authorized to set up cooperation agreements with banks and other credit institutions with a view to facilitating and extending the financing of production, distribution and projection activities, technical industries and the video-making sector and for the development of infrastructures or the technological innovation of those sectors.
This financing alternative is materialized in various types of aid:
- Aid for reducing interest on loans granted for production aimed at facilitating cinematographic production activities for production companies which had not received aid for the production of full-length motion picture projects.
- Aid for reducing interest on loans granted for distribution and dissemination as film, video and via internet, or the technological renewal of these sectors.
- Aid for reducing interest on loans for the financing of film projection and post-production infrastructures used by enterprises, laboratories, studios and the production and post-production technical industry.
3.4 OTHER SPECIFIC INDUSTRIES
220.127.116.11. Aid for risk prevention and mining safety
Regulations governing the mining sector are included in Order IET/227/2015, of October 28, 2015, which sets forth the specifications for the grant of aid for risk prevention and mining safety in the area of sustainable mining, for non-energy mining activities.
The aim of the subsidies regulated in the aforesaid Order is to encourage the development of projects related to mining safety, from the standpoint of investment and training, carried out by non-profit enterprises and entities, for the ultimate purpose helping to reduce mining accidents in Spain and, by extension, to attain sustainable growth in the industry.
The call for aid applications for projects and actions under the aforesaid Order for the year 2018 was made in the Decision of November 3, 2017 of the Secretariat of State for Energy, although the deadline for submitting applications has already elapsed.
Accordingly, and without limitation, suffice to say that this call for aid applications deems projects carried out in Spain in the area of non-energy mining, included in the following areas: (I) significant investments in safety at benefit mines and establishments and (II) training programs, to be eligible for financing.
Potential beneficiaries of this aid could be private enterprises and groupings of such enterprises, provided that they hold the title to the mining public domain covered in the project and do not pursue their activity in the coal-mining industry (and are therefore not affected by the prohibitions on state aid for the closing of mines). Non-profit institutions can also be beneficiaries of this aid, in which case they will not have to hold the title to the mining public domain, it being sufficient for them to provide evidence that they have a lawful interest relating to the mining activity.
The amount of this aid will consist of a percentage of the approved eligible investment and varies according to the following scheme:
- Aid for significant investments in mining safety: the minimum amount of the aid granted will be €4,000, while the maximum amount cannot exceed 20% of the eligible costs. Nonetheless, this maximum amount is envisaged only if applicants are SMEs and micro-enterprises, and is reduced to 10% of the eligible costs in the case of medium-sized enterprises. In the case of large enterprises, the maximum aid cannot exceed 5% of the eligible costs.
- Mining safety training projects: the intensity of the aid will be at least €12,000 and may equal (I) up to 100% of the cost of the accepted eligible investment, where the applicant is a non-profit institution; (II) up to 50% of the cost of the eligible investment in the case of large enterprises; (III) 60% in the case of medium-sized enterprises; and (IV) 70% in the case of SMEs and micro-enterprises. Nonetheless, it is important to recall that the eligible investment cost, in this type of aid, is calculated having regard to approved classroom hours approved and attendance of the complete courses described in the project. The respective calls for aid applications will stipulate not only the maximum hourly unit cost per worker and per hour and the maximum number of students per course, but also the maximum eligible cost per student and per project.
- In the specific case of aid for training activities projects, the following restrictions will be imposed:
– If the projects are provided by mining enterprises or groupings of mining enterprises, the amount of the aid granted cannot be higher than €100,000 per enterprise or grouping and project.
– A single enterprise cannot receive more that €200,000 of aid for training in this area within a period of three consecutive fiscal years.
Lastly, please note that the beneficiary of the aid granted under either of the two lines explained above must make the investments between the date of the aid application and a date not later than four months after the notification date of the decision granting the aid.
18.104.22.168 Action Framework for Coal Mining
Of special relevance within the mining industry is the Action Framework for Coal Mining and Mining Districts in the 2013-2018 Period, which has, among others, the following objectives:
To foster the continuation of competitive local coal production that makes it possible to guarantee a certain level of electricity production which, in addition to supporting the security of supply, contributes to developing renewable energy sources.
- To ensure a sufficient share of national coal in the electricity generation mix, within the limits set by the European legislation, and for the entire period covered by this Framework.
To facilitate the orderly closure of non-competitive coal mines, a process which should be concluded by December 31, 2018.
Against this backdrop, please note the following aid aimed at facilitating the closure of non-competitive coal mines and the alternative development of mining areas:
1. Aids aimed at alleviating the effects of the closure of production units related to inefficient coal mines:
a. Aid specifically used to cover exceptional costs incurred as a result of the closure of coal production units (regulated in Order IET/594/2014, of April 10, 2014).
The purpose of this aid is to cover, in part, any exceptional costs incurred on the closure of facilities and the restoration of the natural space, which, due to being covered in the restoration plan, are authorized to the mining company by the relevant authority. From this standpoint, exceptional costs are (I) additional safety works inside the mine resulting from the closure of coal production units; (II) damage caused by the mining activity, provided that it is attributable to coal production units that have been closed or are being closed; (III) all duly justified costs incurred on the rehabilitation of former coal mining areas; and (IV) costs incurred on the new cultivation of the land.
In any case, it is essential for the applicant to have a closure plan to be carried out and completed by December 31, 2018 at the latest.
The last call for aid applications under this line of aid was the call published in 2017 by way of the IRCM Decision of December 20, 2017, with a total budget of €25,000,000 (€21,300,000 for private enterprises and €3,700,000 for public enterprises), for which the application submission deadline has already elapsed, without the IRCM having been able to confirm whether a new call for aid applications is to be published for 2018.
b. Aid used specifically to cover current production losses of production units included in the Closure Plan of the Kingdom of Spain for non-competitive coal mining (regulated in Order IET/2095/2013, of November 12, 2013). This aid is to be used to cover, in whole or in part, current production losses of enterprises engaged in mining coal for use in power stations for the generation of electricity, whose production units are registered in the Closure Plan and were in operation prior to December 31, 2009.
The last call for this type of aid application was made in 2017 in the IRCM Decision dated July 18, 2017, with a total budget of €11,948,220.00 (€1,804,570 for public enterprises and €10,143,650 for private enterprises). It has not been possible to obtain confirmation from the IRCM regarding whether a new call for aid applications is to be published for 2018.
c. Social aid provided for under Royal Decree 676/2014 of August 1, 2014, establishing the regime of aid for employment costs, to be used to cover exceptional costs related to plans for the closure of production units of coal mining companies (“Royal Decree 676/2014).
Royal Decree 676/2014 contemplates the direct grant of aid to companies that are pursuing or have pursued an activity related to coal production, to enable them to cover certain costs incurred on the termination of their workers’ employment contracts as a result of the closure of coal production units used for the generation of electricity included under the Closure Plan during the 2013 – 2018 period.
The purpose of this aid is to alleviate the social and regional consequences of the closure of mines, and action is to be taken though two lines:
Social aid to cover labor cost for older workers.
Social aid to cover labor costs through compensated resignation.
2. Aids aimed at promoting the alternative development of mining areas.
a. Aids for job creating business projects (regulated in Order IET/1158/2014, of June 30, 2014), which promote alternative development in mining regions. These aids are aimed at promoting the establishment of business investment projects (of at least €100,000) in areas affected by the restructuring of coal mining and their surrounding areas in order to generate alternative economic activities to coal mining which make it possible to create new jobs.
These aids are available to business investment projects that are established in municipalities affected by the restructuring and modernization of coal mining (and are listed in Appendices I and II of Order IET/1158/2014), subject to the restrictions set out in the Map of regional aid approved for Spain for the 2014-2020 period (to which we refer in section 4 of this Chapter).
The last call for aid applications in the context of this line of aid relates to 2017, published in the Decision of December 18, 2017 of the Institute for the Restructuring of Coal Mining and Alternative Development of Mining Districts (the “IRCM”), with an approved budget of €30 million, extendable on an extraordinary basis by a further €10 million.
The deadline for submitting aid applications in the context of this call is 2 months following publication of the aforesaid decision in the Official State Gazette (which took place on December 30, 2017) and, accordingly, it falls at the end of February 2018.
b. De Minimis Aids (regulated in Order IET/1157/2014, of June 30, 2014), aimed at small business projects that create jobs, which promote alternative development in mining regions. These aids have the same purpose and cover the same type of project as those under the preceding section, although they focus on projects of not less than €30,000 and not more than €500,000.
The last call for aid applications made to date in connection with this line of aid was the 2017 call published in the IRCM Decision of November 2, 2017, with a total budget of €5,000,000.
3.4.2 Industrial Investment
The process of adapting certain traditional industrial sectors to new forms of production, against a backdrop of processes to rationalize and modernize the business segment, has caused severe losses in the productive fabric and a significant elimination of jobs.
In an effort to mitigate and, to the greatest extent possible, avoid such noxious effects on the industrial fabric as a whole and, in particular, on the areas most affected by the aforesaid adaptation process, the Ministry of industry, trade and tourism has been launching support initiatives with a view to promoting, regenerating or creating the industrial fabric.
The current initiative is Order IET/619/2014, of April 11, 2014, setting forth the specifications for the grant of financial aid for industrial investment in the context of the public policy on reindustrialization and fostering industrial competitiveness, which regulates the grant of aid for initiatives in strategic industrial sectors under the aforesaid policy (that amended by Order IET/10/2015, of January 12, 2015, with respect to the restrictions on the amounts of the loans to be granted and to the criteria for evaluating applications).
The specifications bring the criteria of former Reindustrialization Programs into line with that of Programs for the Development of Strategic Industrial Sectors, placing special interest in enterprises which incorporate advanced technologies in their processes and products, create qualified jobs with the greatest possible contribution of added value and, in short, contribute to increasing the country’s export base.
The last call for applications for this type of aid, for the entire national territory, was published in 2017 in the Order of April 4, 2017 of the Secretariat-General of Industry and of SMEs, without it having been possible to confirm, having regard to the information furnished by the Ministry of industry, trade and tourism, whether a new call for aid is foreseen for 2018.
Although the aforesaid Order publishing the call is focused on aid for projects and actions aimed at reindustrialization and at boosting competitiveness throughout the entire national territory, it is important to note that the Order setting forth the Specifications distinguished between investment projects executed in specific areas (established around certain municipalities considered as meriting special protection) or in the general area (consisting of the rest of the municipalities not included in the above areas).
Notwithstanding the foregoing, and regardless of the area of investment, the financial support that these projects could receive, in general, is instrumented through long-term loans, with the following types of actions eligible for financing:
— Creation of industrial establishments: considered as the start-up of a new production activity anywhere in Spain.
— Relocation: understood as changing the location of a prior production activity to anywhere else in Spain.
— Increases in the production capacity of existing production centers by installing new production lines. For the purposes of classifying the project, “installation of a new production line” means the acquisition of a set of equipment that makes it possible to manufacture a product independently. Actions involving an existing line, such as replacing the machinery and auxiliary production elements and adapting or improving the line, are excluded from this definition.
— Improvements and/or modifications to pre-existing production lines.
In this regard, the Order setting forth the Specifications clarifies that (I) implementations of technologies from “Connected Industry 4.0.” may also form part of the investments arising from each of the above typologies; and (II) industrial investments arising from any of the above typologies have to be technically viable according to current state or situation of the technology at industrial scale.
Potential beneficiaries of the aid will be any company not forming part of the public sector, which pursues or is planning to pursue a productive industrial activity, to be selected by competitive procedure.
The following are the eligible expenses:
- For investments in the formation of industrial establishments:
– Expenses incurred on civil works (tangible investments in development and piping, expressly excluding land);
– Building expenses (tangible investments for the acquisition, construction, expansion or fitting out of industrial premises, as well as installations and equipment not directly related to production, and tangible assets directly associated with production).
The sum of the civil works and building items could not exceed 70% of the total eligible budget.
- For investments intended to be made in the context of other actions eligible for financing:
– Civil works expenses (tangible investments in development and piping, expressly excluding land);
– Building expenses (tangible investments for the acquisition, construction, expansion and fitting out of industrial premises, as well as installations and equipment not directly related to the production process);
– Production device and equipment expenses (acquisition of fixed assets directly related to production, excluding external transportation elements); and
– Production process engineering expenses (expenses of own staff, necessary materials and external partnerships required to design and/or redesign processes – including those aimed at implementing technologies from “Connected Industry 4.0” – directly linked to the above-mentioned production devices and equipment).
Any form of civil engineering or consultancy associated with the management and processing of the financing requested is expressly excluded.
The sum of the civil works and building items could not exceed the budget of devices and equipment linked to production (except where industrial establishments are relocated, in which case it could reach 70% of the total eligible budget). In addition, production process engineering expenses could not exceed 30% of the acquisition cost of the production devices and equipment.
The financed actions must be executed from January 1 of the year of the related call, up to the maximum time limit of 18 months from the date of the grant decision.
The minimum eligible budget for the investments is set in each call for aid applications (in 2017 it amounted to €75,000), the maximum amount of the funding to be granted will be 75% of the eligible budget.
Additionally, for enterprises formed in the year to which the call relates, or in the immediately preceding year, the loan in which the aid is materialized cannot exceed three times their demonstrable equity. In all other cases, the limit is set at five times the applicant’s equity, notwithstanding the fact that each call for aid applications can stipulate proportions lower than those indicated in both cases.
The applicable interest rate to the loan granted is determined according to the classification obtained by the beneficiary in the application evaluation process and to the guarantee provided before the grant decision, according to the following Table 14.
|CLASSIFICATION CATEGORY||GUARANTEE AS PERCENTAGE OF THE LOAN GRANTED|
|GREATER THAN OR EQUAL TO 70%
AND LESS THAN OR EQUAL TO 100%
|GREATER THAN OR EQUAL TO 41%
AND LESS THAN OR EQUAL TO 70%
|LESS THAN OR EQUAL TO 41% AND
GREATER THAN OR EQUAL TO 10%
The repayment period of the loan will be, in general, 10 years, with a 3-year grace period, over which the loan is to be repaid in equal annual installments once the grace period ends.
Lastly, please note that, in accordance with the specifications of this type of aid, the applicant must provide a guarantee to the General Depository Agency, in cash or, alternatively, in another one of the forms provided for in the legislation. The amount of the guarantee will be 10% of the loan included in the application unless the call in question establishes another amount.
3.4.3 Pharmaceutical Industry
In a Decision of May 11, 2017, the Government Delegate Committee for Economic Affairs approved the PROFARMA initiative (Boosting Competitiveness in the Pharmaceutical Industry) for the 2017-2020 period, a joint initiative with the Ministry of industry, trade and tourism, Ministry of Science Innovation and Universities and the Ministry of Health, Consumer Affairs and Social Welfare, approved with the goal of boosting the competitiveness of the pharmaceutical industry in Spain by modernizing the industry and fostering activities that contribute more added value (such as investments in new industrial plants and in new technologies for production and fostering research, development and innovation).
PROFARMA’s commitment to modernizing the industry entails:
- For national enterprises, seeking wider markets through internationalization, incorporating the use of new technologies in their production processes and in research, development and innovation processes, and improving the focus of their lines of research.
- For multinational enterprises, increasing their commitment to developing the industrial structure, increasing their investment effort not only in infrastructures and production activities, but also in R&D&I in Spain, and significantly improving the commercial balance.
The achievement of the general goal of PROFARMA is visible in the attainment of the following specific objectives:
- Increasing the total investments made in Spain by enterprises participating in PROFARMA, placing special emphasis on increased investments in the assets used in production and in research and development.
- Increasing R&D&I expenses.
- Increasing jobs in activities related to R&D&I, as well as in production and quality control.
- Investing the deficit in the commercial balance of enterprises included in PROFARMA.
- Increasing current R&D expenses over sales to the National Health System.
In this context, on July 6, 2017 the Secretariat-General of Industry and the SME published a Decision with a multi-year call for aid applications for 2017, 2018, 2019 and 2020, in answer to which applications could be submitted by the following deadlines: (I) for the 2017 call, from October 2 through November 15; (II) for the 2018 call, from May 16 through July 6; and (III) for the calls related to 2019 and 2020, from April 1 through May 29 of the respective year.
Eligible for inclusion in PROFARMA are enterprises in the pharmaceutical industry, located in Spain, which manufacture or market medicinal products for human use and which pursue pharmaceutical R&D&I activities in Spain. Participation in PROFARMA requires the enterprise to submit to an assessment aimed at its subsequent classification and qualification by the Coordination Committee in charge of the program’s management, having regard to the enterprise’s efforts to achieve the program’s general goal and specific objectives, and in view of its industrial, economic, R&D&I and other resources and results.
Specifically, enterprises will be classified in three Groups (A, B and C) depending on whether or not they have their own pharmaceutical production plant and on the significance (or lack thereof) of the research activity they pursue. Equally, the Coordination Committee will assign them a qualification (excellent, very good, good and acceptable) depending on the assessment and points obtained in accordance with the criteria stipulated in the regulations.
The classification and qualification of the pharmaceutical enterprises will be forwarded to the Secretariat-General of Industry and the SME, for final adoption.
At the end of each year of the PROFARMA (2017-2020) program, the progress made on the aforesaid goals and objectives will be measured using the following indicators in Table 15.
2017 – 2020 OBJECTIVES
|INDICATORS||2017 CALL||2018 CALL||2019 CALL||2020 CALL|
|Investment in R&D||€46 million||€48 million||€50 million||€52 million|
|Investment in production||€260 million||€265 million||€270 million||€275 million|
|R&D&I expenses||€1.100 million||€1.125 million||€1.150 million||€1.175 million|
|R&D&I related jobs||4,250||4,300||4,350||4,400|
|Production related jobs||13,000||13,100||13,200||13,300|
|Commercial balance||€-3.500 million||€-3.350 million||€-3.200 million||€-3.050 million|
|% current expenses in R&D / NHS sales||15%||15,3%||15,6%||15,9%|