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Francisco Jodar said "this form of financing, launched by the Ministry of Industry and included in the Lorca + Plan, aims to develop new industries or expansion of existing with new production lines or improving existing, to which has improved the conditions of the previous edition and its application period ends on July 3. "

The Mayor of Lorca, Francisco Jodar has encouraged companies to leverage business call the Ministry of Industry, Government of Spain has taken to finance the creation of new industries or expansion of existing production lines with new or improved current with a budget of 10.6 million euros. "

Jodar explained that "this line of financial support, including in Lorca + Plan may be requested until July 3 and substantially improves the conditions of the previous edition in both the interest rate, which in 2013 was of 4,925% and this year will be 3.062% or 4.53% depending on the classification of the project. Moreover, the amount of the grant will finance 75% of the eligible budget, while last year was between 60% or 70 %, based on several criteria. "

Similarly, the mayor stressed that the minimum eligible budget of investments will be 75,000 euros, while in the previous call was 100,000 € for SMEs and 750,000 euros if it was a big undertaking.

In addition, to apply for this funding, while last year guarantees could reach 25% of the requested amount is required, this time limited to the provision of security to the CGD, in cash or alternatively in one of the other laid down in its rules for the amount of 10 percent of the loan concerned in the application.

In this sense, the mayor expressed his gratitude to the Central Government "because this is a sign of their commitment to the economic revival of Lorca and employment generation diversifying its economy, to issue a specific call for the re-industrialization of our region during three consecutive years. "

Entrepreneurs interested in benefiting from this initiative can contact the staff of the Institute for the Promotion of the Region of Murcia specializes in advising this call.

Source: Ayuntamiento de Lorca