Aids for companies that install on Science and Technology Parks. 0% interest financing in amounts of between 150,000 and 400,000 €, with a grace period of up to 2 years.

Aim
Funding to support companies to set-up in the innovation hubs of Catalonia

Beneficiaries
Companies and private research and technology development bodies, wishing to set up or consolidate their presence in Catalan innovation hubs. Options include rental, acquisition of existing built space, or a new-build scientific-technological infrastructure.

Types of projects and eligible costs
Interest-free loans are available to cover the following expenses
1. For rental space
- The first two years rent
- Adaptation/modification of rented space to meet the company's requirements
- Purchase scientific & technological and office equipment as per the company's requirements.
- Other eligible assets needed for set-up.
2. Purchase of existing built space
- The purchase price of the space (but excluding land purchase or leasing costs)
- Adaptation/modification of the existing built space to meet the company's requirements.
- Purchase of scientific & technological and office equipment as per the company's requirements.
- Other eligible assets needed for set-up
3. New build
- The costs of a feasibility study, technical dossier and detailed construction plans.
- Construction of the new building (priority given to scientific and technological infrastructures)
- Adaptation of the building to meet the company's requirements.
- Purchase of scientific & technological and office equipment as per the company's requirements.
- Other eligible assets needed for set-up.

Terms of loan
a) Interest rate: 0%
b) Amount: 150.000 € minimum and maximum of 400.000 € per beneficiary, with a ceiling of 75% of the agreed total budget for the project.
c) Period: up to 5 or 7 years.
d) A period of grace of 1 or 2 years.
e) Payment from Administration: 100% at the time of approval.
f) Warranty: a warranty for 100% of the principal is required from an approved financial institution.
g) Commissions: no commission is charged.

 

Dates
Application can be made from 29th June 2010 until 15th September 2010.