The call, open until December 29, 2023 or credit exhaustion, aims to cover the financial needs of the Galician productive sector. In addition to companies, actions carried out by technological centers, business associations, foundations and entities that develop economic activities, R&D or services of interest for the Galician business network, and operations of the naval auxiliary industry, are eligible.

Among the lines envisaged are loans for strategic investments aimed at financing new investment projects, interventions to expand production capacity and / or improvement of existing facilities, especially assessing the alignment of projects with priority sectors of the Competitiveness Agenda Galicia Industry 4.0 and the Smart Specialization Strategy (RIS3) Galicia.

The loan may be bilateral between the Igape and the beneficiary company, or syndicated with one or more credit institutions. The minimum amount of the loan or of the Igape's participation in the banking syndicate will be 500,000 € and the maximum of 5,000,000 €. With an interest rate with discounts of up to 1.5% with respect to the market rate for certain types of investment, these loans have a term of up to 12 years with the possibility of including a grace period for the repayment of the principal.

In addition, specific loans are available to finance those industries affected by the increase in the price of raw materials and supplies. In this case, the amounts range from 300,000 euros to one million euros, with interest rate subsidies.

Loans for technology centers

The Igape also has a line of loans to promote actions carried out by technology centers, business associations, foundations and entities that develop economic, R&D or service activities of interest to the Galician business sector. In this case, the minimum amount is 75,000 euros and the maximum is 1.5 million, without exceeding 75% of the financeable cost in any case. The maximum term will be 12 years, with the possibility of including a grace period for the repayment of the principal, and an interest rate subsidized by up to 1.5 percentage points.

Loans for naval auxiliary industry operations

The objective is to financially support companies that carry out activities in the shipbuilding auxiliary industry, providing them with long-term financing. The minimum loan amount will be 50,000 Euros and the maximum one million Euros, with a repayment term of up to 8 years, including a 2-year grace period, with a subsidized interest rate.

The deadline for submitting applications for any of these lines is December 29, 2023 (or until the budget credit is exhausted).

These loans are part of the Financial Agenda 2023, endowed with 140 million euros to mobilize more than 400 million euros in loans and guarantees to strengthen solvency and give access to credit to small and medium-sized enterprises and self-employed, and in specific support for investments in innovation for SMEs and micro-enterprises in Galicia.