Grants -ADELANTE INVERSION- for the Promotion of Investment and the improvement of Business Productivity in Castilla-La Mancha

Region

Title of measure

Full title in national language:

Ayudas - ADELANTE INVERSION- para el Fomento de la Inversión y la mejora de la Productividad Empresarial En Castilla-La Mancha

Duration:

2016

Policy objectives Plus

4.1. Direct funding to business R&D and innovation

Presentation of the measure:

The aim of the grants ADELANTE INVERSION is to encourage the creation of new companies and the consolidation of the business tissue of Castilla-La Mancha. To accomplish these objectives, the grants intend to support business, industrial or service investment projects promoted by SMEs and self-employed, which at the same time would stimulate the creation of employment in the region.
The projects are expected to be aligned with the priorities identified in the RIS3 Castilla-La Mancha but not necessarily. In fact, the amount of the grant depends not only if the proposed activity belongs to a priority sector in the Strategy but also on the size of the company and in the location of the municipality where the initiative is developed. The municipalities situated in areas of Integrated Territorial Investment will receive more funds.
This measure funds the following projects:
•   Creation of a new establishment;
•   Expansion of the capacity;
•   Production diversification;
•   Overall production process transformation;
•   Do an investment between €5,000 and €900,000.

The eligible costs are the following:
•   Land;
•   Acquisition of buildings;
•   Civil work;
•   Planning and engineering works;
•   Furniture and furnishings;
•   Machinery and equipment;
•   ICT programmes.

Keywords:

Applied business research

Early stage-financing

Small and medium-sized enterprises

Budget, source and type of funding


Year	2017	2018	2019	2020
National public funds
Regional public funds	4000000	1200000	1900000	900000
EU Structural Funds	16000000	4800000	7600000	3600000
Private funds
Other
Total	20000000	6000000	9500000	4500000

Form of funding provided

Grants

Policy learning

To what extent the measure can be considered as a success and worthy of policy learning?:

There has been a positive response by beneficiaries to the measure (e.g. over-subscribed in terms of requested versus available budget) but it is too early to judge results or impact

Evidence of outcomes based on evaluation and other evidence:

The grants target the main players of the Castilla-La Mancha tissue: SMEs and self-employed, which also are the ones that have more difficulties to implement innovation projects. The requirements are rather open so a lot of companies can apply for the grant and take into account the RIS3.

What are the most important “Do’s and Don’ts” that regional stakeholders should be aware of when launching a similar measure?:

It is important to be flexible in the requirements; although it would be good to establish a set of relevant priorities and lines of action that ensure a long-term impact in the productive tissue and the creation of employment. The measure is open to all sectors and the target companies are correctly selected for this type of grant, which is very good for gathering interest and raise innovation awareness. However, since SMEs and self-employed do not usually have extensive experience or expertise, it would be important to offer some kind of support during the elaboration of the projects.

Evaluation report(s)

Evaluation on ADELANTE Programme

European Commission - Internal Market, Industry, Entrepreneurship and SMEs

Grants -ADELANTE INVERSION- for the Promotion of Investment and the improvement of Business Productivity in Castilla-La Mancha