Mañueco announces a new 32 million loan with the EIB to facilitate business financing


11/06/2021 – 18:14

The President of Castilla y León, Alfonso Fernández Mañueco, announced today the signing this June of a new contract with the European Investment Bank (EIB) to continue providing financing to companies.

The president of the Junta de Castilla y León, Alfonso Fernández Mañueco, has underlined his commitment and that of his Government with businessmen, which are also key to overcoming the effects of the pandemic. “We will be together on the prow of recovery,” he said during his speech at the General Assembly of Family Business Members of Castilla y León that was held today in León, where he was convinced that businessmen will continue to contribute their efforts and commitment to this land.

“Health security facilitates economic recovery”, has indicated and recalled that steps are being taken in that sense with the new easing of the restrictions agreed yesterday.

“You are more than just companies”, has highlighted Fernández Mañueco about the family business, at the same time that he has appealed to the necessary public-private collaboration, so that administrations and companies move forward together on this path. The Chairman of the Board has praised the active commitment of this group, with much to say and contribute, with Castilla y León and its people and encouraged to continue doing so. He has called to bet on Castilla y León because “it is worth it”, has defended.

The head of the regional Executive has stressed that they will continue to collaborate with Family Business, as is already being done with the Innovative Growth Plan for SMEs that was renewed last year and that since its launch, in 2017, leaves relevant figures. Have been boosted 55 projects that have created 2,629 jobs and the maintenance of 9,800. And important data, the president has highlighted, more than 60% -63.6% – of the financed projects have a rural nature. With a financing of 113 million, of the 120 available, which has generated an investment of 374.5 million. In the case of León, 12 projects, with 724 jobs created and 1,568 maintained thanks to financing of 30 million, the highest in the Community, more than a quarter of the total.

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The commitment in this regard, the Chairman of the Board has pointed out, continues. Thus, it has announced that this same month of June will be signed a new contract with the European Investment Bank (EIB) to add another 32.1 million to the planStill pending to formalize another 57.9 million, which are already authorized, so that this legislature can even exceed the goal of 200 million euros for the Innovative Growth Plan for SMEs.

Fernández Mañueco has defended that his Government’s commitment to low taxes, with a moderate and intelligent tax system, contributes to the creation of employment and the generation of economic activity. Great steps have already been taken in this regard, such as the recent abolition of the Inheritance and Donation Tax which, precisely, he has highlighted, will facilitate the intergenerational change so important in the family business. It was a tax, he recalled, that put “obstacles” to the future of these societies and “penalized the effort” of the families. On the other hand, he has recalled, the reduced rate of 3% in the Onerous Asset Transfer Tax, in force since February for those properties that are the headquarters of a business or work center that are located in rural areas and create employment.

New aids

Some deductions, he pointed out, that are added to others: the second lowest rate in personal income tax, the most favorable taxation for the birth rate and the family or to be the third community with the best tax treatment for the rural world. Accompanied by the aid launched by the Junta de Castilla y León, which has been reinforced for the sectors most affected by the pandemic and which has already put on the table 464 million euros in direct aid and liquidity and credit measures that have allowed to mobilize 546 million.

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The commitment in this sense will continue, highlighted Fernández Mañueco, who has committed that the nearly 200 million euros pending receipt of the 2017 VAT settlement that the central government must pay will be dedicated to new direct aid. They will be focused on facing the recovery from the pandemic, also taking advantage of the new European Funds and with a special focus on inland Spain.

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