The president of the Generalitat, Ximo Puig, has announced that the plenary session of the Consell will approve this Friday the regulation of a line amounting to 50 million euros in participatory loans from the Valencian Institute of Finance (IVF) for companies with economic difficulties, which It will allow activating the last of the financial measures that make up the Resistir Plan, globally endowed with around 400 million euros and aimed at the sectors most affected by the COVID-19 pandemic.
Ximo Puig has chaired at the Palau de la Generalitat the monitoring commission on the actions that are being developed within the framework of this plan, a meeting in which the Minister of Finance and Economic Model, Vicent Soler; the Minister of Education, Culture and Sports, Vicent Marzà; the Minister for Sustainable Economy, Productive Sectors, Trade and Labor, Rafa Climent, and the Minister for Territorial Policy, Public Works and Mobility, Arcadi Spain.
Specifically, the next plenary session of the Consell will approve the legal framework that encompasses the IVF participative loans, which will be endowed with 50 million euros with the aim of providing solvency to the companies most affected by COVID-19. In fact, they are intended for companies with a limited economic-financial situation, specifically, businesses that have insufficient own resources. The loans that can be requested range between 25.000 and 800.000 euros and will also include, like the subsidized loans already underway, a non-refundable tranche of up to 30%. The grace period increases to two years and the repayment period, up to 15 years.
As the president has emphasized, these measures are intended to "no company that had viability in 2019 stops having it now" due to the reduction in activity caused by the pandemic, and that "don't miss a job" as long as a "joint effort". "We need Valencian companies, with their own shareholders, that do not have to be sold due to lack of solvency", has added Puig.
The head of the Consell also highlighted after the meeting that the municipalities have already begun to pay the aid of the Parenthesis Plan and that practically all of them have published the bases for requesting these funds. It is about the 160 million from the Resistir Plan that the municipalities manage with funds from the Generalitat, which has already contributed the 100 million that it supported, county councils and city councils and that are destined to the sectors most affected by the pandemic. The intention is, the president added, that "All aid arrives in the fastest and most agile way possible."
Regarding the subsidized loans of the Horeca line, launched at the end of January, the president has announced that more than 2.400 applications have already been registered, of which 183 files have been favorably resolved. 158 companies have already received confirmation of the approval of loans for a value of 10,1 million euros, while the remaining 25, for a value of 4,2 million euros, have been approved subject to the beneficiary companies clarifying whether they are or not up to date with the payment of debts with the Administration prior to 2019.
Four aid blocks
The Resistir Plan includes four blocks of aid with a total budget of more than 400 million euros. First of the blocks, with 105 million euros, is aimed at companies, the self-employed and the self-employed and working people in ERTE situations.
He second of the blocks is the municipal cooperation fund COVID-19, for the management of the Paréntesis aid, endowed with 160 million euros, of which 100 are paid by the Generalitat, and the rest, by the provincial councils and city councils, and whose distribution is made according to the number of freelancers and companies in the affected sectors and the number of affiliations to social security.
The third Block of aid from the Plan Resistir is made up of the new financial instruments of the IVF, which includes participating loans, for an amount of 50 million euros, which are to be approved soon, and the Horeca line, endowed with 50 million euros, consisting of subsidized loans with non-repayable tranches of up to 30%.
And finally the fourth block, which is also activated, consists of 19,7 million euros in specific aid for sectors with sustained damage throughout the pandemic, such as people dedicated to crafts (7 million) or the leisure sector (8 million) and of the taxi (4,7 million).
