{"id":9729,"date":"2021-05-25T21:00:00","date_gmt":"2021-05-25T19:00:00","guid":{"rendered":"https:\/\/www.11onze.cat\/news\/com-es-repartiran-els-fons-dajuda-europeus-destinats-a-la-recuperacio-del-nostre-teixit-empresarial\/"},"modified":"2024-06-25T10:04:24","modified_gmt":"2024-06-25T08:04:24","slug":"funds-recovery-business-covid-sector-shared-out","status":"publish","type":"post","link":"https:\/\/www.11onze.cat\/en\/magazine\/funds-recovery-business-covid-sector-shared-out\/","title":{"rendered":"How EU Covid-19 funds for the recovery"},"content":{"rendered":"<div class=\"component text\">\n  <div class=\"container\">\n\n\n    <div class=\"row\">\n      <div class=\"col  col-lg-8  offset-lg-2\">\n        <h3><b>If there is one thing the Covid-19 pandemic has done, it is to make us rethink the society we live in, our healthcare system and, above all, our economy. A phenomenon that has left many of our businesses in a precarious situation in which mere survival is considered a success.<\/b><\/h3>\n<p>&nbsp;<\/p>\n<p><b>The European Council<\/b><span style=\"font-weight: 400;\"> has designed a recovery plan for Europe. According to <\/span><a href=\"https:\/\/www.accio.gencat.cat\/ca\/serveis\/innovacio\/innovacio-empresarial-i-rd\/eu-recovery-plan\/\"><b>ACCI\u00d3<\/b><\/a> <span style=\"font-weight: 400;\">(<\/span><b>L&#8217;ag\u00e8ncia de la competitivitat per l&#8217;empresa de la Generalitat de Catalunya<\/b><span style=\"font-weight: 400;\">), this aid, approved on 21 July 2020, will give a boost to EU economies after the debacle caused by the pandemic. From this money comes the economic package known as <\/span><a href=\"https:\/\/ec.europa.eu\/info\/strategy\/recovery-plan-europe_en\"><span style=\"font-weight: 400;\">Next Generation EU<\/span><\/a><span style=\"font-weight: 400;\">, with a total of 750,000 million euros. These funds are being distributed to EU member states to help their economic recovery, and will be used to finance all kinds of projects.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">From these funds, 140 billion euros will be allocated to Spain, some in direct aid and the rest indirectly, in credits.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b>How this aid will be distributed to businesses:<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">According to Royal Decree-Law<\/span><a href=\"https:\/\/www.boe.es\/boe_catalan\/dias\/2021\/03\/13\/pdfs\/BOE-A-2021-3946-C.pdf\"><span style=\"font-weight: 400;\"> 5\/2021<\/span><\/a><span style=\"font-weight: 400;\">, of 12 March, on extraordinary measures to support business solvency in response to the Covid-19 pandemic, the first aid package will be distributed as follows:<\/span><\/p>\n<ul>\n<li><b>Line of direct aid to the self-employed and businesses.\u00a0<\/b><span style=\"font-weight: 400;\">Managed by the Autonomous Communities and with a budget of 7,000 million euros, they will be used to cover the cost of payments to suppliers and other creditors, and also for expenditure on energy services and supplies.<\/span><\/li>\n<li><b>Restructuring of financial debt.\u00a0<\/b><span style=\"font-weight: 400;\">It gives the government more flexibility in giving loans with public guarantees, thus allowing the incorporation of ICO lines.\u00a0<\/span><span style=\"font-weight: 400;\">Three billion euros in direct and extraordinary aid to reduce the burden of loans with public guarantees.<\/span><\/li>\n<li><b>A recapitalisation fund for companies.\u00a0<\/b><span style=\"font-weight: 400;\">Designed for medium-sized companies that were viable before the pandemic, but that have solvency difficulties and cannot access the fund managed by the Sociedad Estatal de Participaciones Industriales (SEPI).<\/span><\/li>\n<li><b>Extended period before the automatic triggering of insolvency proceedings.\u00a0<\/b><span style=\"font-weight: 400;\">It aims to provide a greater margin to re-establish their financial equilibrium before entering insolvency proceedings.\u00a0<\/span><span style=\"font-weight: 400;\">Likewise, the period in which tax debts can be paid without interest for late payment is extended to four months. <\/span>A set of economic aid measures which, despite being subject to certain requirements, are a breath of fresh air that is more than necessary in the difficult times we find ourselves in.<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">On the other hand, and as we have seen in previous crises, this aid is rarely free, and sooner or later it has to be paid back whether we like it or not, generally through financial austerity measures.<\/span><\/p>\n\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>\n\n\n<div class=\"component gallery\">\n  <div class=\"container\">\n    <div class=\"row\">\n      <div class=\"col col-lg-10 offset-lg-1\">\n        <div id=\"slider\" class=\"carousel slide\">\n          <div class=\"carousel-inner\">\n            <div class=\"carousel-item active video-player inline-player\" data-video-id=\"6255753422001\">\n              <img decoding=\"async\" class=\"d-block w-100\" src=\"https:\/\/www.11onze.cat\/wp-content\/uploads\/2021\/05\/THUMBNAIL_XAVIVIN\u0303OLAS_TOPIC4.png\" alt=\"\">\n              <button type=\"button\" class=\"play\"><\/button>\n              <div class=\"carousel-caption\">\n                <p>Xavi Vi\u00f1olas explains it to us<\/p>\n              <\/div>\n            <\/div>\n          <\/div>\n        <\/div>\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>\n\n<div class=\"component text\">\n  <div class=\"container\">\n\n\n    <div class=\"row\">\n      <div class=\"col  col-lg-8  offset-lg-2\">\n        <p><span style=\"font-weight: 400;\"><b>Do you want to be the first to receive the latest news about 11Onze? 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