Your subsidized loan Préstamos participativos en coinversión - FEDER, effortless

Company Requirements

To be able to apply for this financing line, your company must meet the following requirements

• Be a micro or small enterprise as defined in Annex I of Regulation (EU) 651/2014: fewer than 50 employees and annual turnover or balance sheet total not exceeding €10 million. Medium-sized enterprises are not eligible under this line.
• Have at least one establishment or branch for production or business activity in the Valencian Community, employing at least 15% of the company's workforce.
• Have at least one employee in the Valencian Community listed on the social security contribution statement with a minimum uninterrupted seniority of 4 months, or evidence that the company director has been registered under the Spanish self-employed scheme (RETA) in the Valencian Community since incorporation.
• Have a minimum age of 4 months and a maximum of 5 years counted from the date of registration with the Commercial Registry (not from the date of incorporation). Where the company results from a merger, spin-off or conversion, the age of the oldest entity applies.
• Have been operating in any market for less than 7 years since its first commercial sale. Note: this requirement appears on the IVF's published line page but not in the text of the call; pending confirmation with the body.
• Not be listed on any organised market.
• Not have distributed profits.
• Not have taken over the business of another company, acquired another company, or been formed through a concentration, unless the turnover involved represents less than 10% in the previous financial year.
• Not be an undertaking in difficulty as defined in point 2.18 of Regulation (EU) 651/2014.
• Not be majority-owned, directly or indirectly, by a public administration, public university, autonomous body, public company or public foundation.
• Hold the administrative authorisations and licences required to carry out its activity and be registered with the relevant public registries.
• The project must be innovative in product, service or process, represent an improvement over its sector, and carry an implicit risk of technological, industrial or market failure.

Limits

The following limits apply to this financing line

• The measure falls under Article 22 of Regulation (EU) 651/2014 (GBER), aid for start-ups. It is not de minimis aid and does not consume the company's de minimis ceiling.
• The financed expenditure is not compatible with any other contribution from the EU Structural and Investment Funds for the same eligible costs.
• Cumulation with other State aid is governed by Article 8 GBER: it is possible where the measures relate to different identifiable eligible costs, or for the same costs only where cumulation does not exceed the highest aid intensity or amount applicable under the GBER.
• Aid exempted under the GBER is not cumulated with de minimis aid for the same eligible costs where this would exceed the intensity set in Chapter III of the GBER.
• Projects conditioning the use of domestic over imported goods or services, or restricting the exploitation of R&D&I results in other Member States, are not eligible.