Company Requirements
To be able to apply for this financing line, your company must meet the following requirements
- Be a privately owned commercial company. Public-law entities, public universities, autonomous bodies, public companies, public foundations and companies majority-owned by any of these are excluded.
- Have at least one establishment, production branch or activity-development branch located in the Valencian Community.
- Have at least one employee in the Valencian Community, evidenced by the Social Security contribution settlement receipt or an equivalent document on the application date.
- Meet the SME definition of Annex I to Regulation (EU) 651/2014: fewer than 250 employees and annual turnover not exceeding €50 million or an annual balance sheet total not exceeding €43 million.
- Not be 25% or more owned, directly or indirectly, by one or more public bodies, nor by a company that would cause the loss of SME status, save for the exceptions set out in Annex I itself.
- Evidence turnover of at least €500,000 in the latest closed annual accounts, meaning accounts approved and filed with the Commercial Registry. In practice this requires two closed financial years, since the accounts for the last two are requested.
- Not be listed on a secondary or organised market.
- Hold all licences, authorisations and permits required to carry out the project.
- Carry out a business project in the Valencian Community that is innovative in nature and/or aimed at expanding, growing or consolidating the activity, undertaking new projects or entering new markets.
