Company Requirements
To be able to apply for this financing line, your company must meet the following requirements
- Be a society constituted with its own legal personality. Individuals (self-employed), communities of goods, foundations, associations, non-profit entities, and public sector companies are excluded.
- Have fewer than 250 employees.
- Have an annual turnover of less than 50 million euros or a total balance sheet of less than 43 million euros.
- Have a tax residence or at least one establishment, production branch, development headquarters, or activity in the Community of Valencia.
- Have at least two employees or cooperative members registered in the social security contribution settlement receipt corresponding to the second month prior to the application. In the case of cooperatives that cannot present such a receipt, prove the status of two working members for at least two months prior through a certificate from the members' book and provide the monthly payment receipt to the RETA from the second month prior to the application.
- In the case of companies that meet the criteria for a new innovative company, the minimum own personnel requirement will not be mandatory. A company will be considered innovative if it is less than five years since its establishment, its activity is based on scientific or technical knowledge, and it meets at least one of the following conditions: having obtained public funding for R&D&I activities in the last three years, having its own patent, having a positive motivated report in accordance with Article 35 of the Corporate Tax Law, or having one of the following certifications or accreditations: Young Innovative Company (EA0043), Innovative SME (EA0047), UNE 166.002, recognition by ENISA as a startup, or Innovative SME Seal.
- Eligible companies are those whose main activity is included in the CNAEs of section C - Divisions 10 to 33, or Section H - Divisions 49 to 52, as long as the transport and storage activities refer to goods.
- Companies whose main activity is related to the following are explicitly ineligible: 1) Primary production of agricultural products, fishing or aquaculture, or their transformation and marketing when the amount of aid depends on the price or quantity of the product, or is subject to its total or partial impact on primary producers; 2) Activities directly related to export, such as those linked to the quantity exported, creation of distribution networks, or current export expenses; 3) Companies that violate the principle of "do no significant harm" (DNSH).
