Extension of the deadlines for the execution and justification of industrial projects benefiting from aid (strengthening the solvency of companies).

1. Aim

Provided that the health crisis caused by COVID-19 has caused periods of inactivity of the beneficiary: in subsidized projects supporting industrial projects under the jurisdiction of the General Secretariat of Industry and SMEs, the extension of the execution periods and that they had already been subject to an extension of the execution period previously.

2. Application form

This process will require an application that must be made before the project execution period ends, as set in the corresponding resolutions, and must be expressly accepted by the body that issued the concession resolution, notifying the interested party.

3. Term

The deadline for a decision will be 3 months from the date of submission of the application. If, after this period, the competent body has not notified the decision, the interested parties will be entitled to consider the application rejected.

4. Requirements

Apart from the fact that the health crisis caused by COVID-19 has caused periods of inactivity in the applicant, extensions of the deadline may not be authorized in the event that any of the following circumstances occur:

a) That there is no sufficiently proven impact that justifies this extension.

b) That the company is not up to date with its tax and social security obligations.

c) That the company has debts for the repayment of aid or the reimbursement of loans with the Administration.

d) That the company has not fulfilled its obligations to present accounts to the Commercial Registry or to the corresponding Registry of Cooperatives.

We remain at your disposal for any questions or queries you may have.

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Sonia Fernández Álvarez

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