European Commission - Internal Market, Industry, Entrepreneurship and SMEs

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Grants to investment projects for the modernisation and innovation in commercial SMEs

Title of measure
Full title in national language:
Ayudas a proyectos de inversión para la modernización e innovación de las PYMES comerciales
Duration:
2016 to 2020
Policy objectives Plus
4.1. Direct funding to business R&D and innovation
Presentation of the measure:

The grants target SMEs and individual entrepreneurs in the commercial sector from any Member State of the European Union but developing their activity in the Community of Madrid. The eligible expenses are derived from the following lines of actions:

  • Works for expansion, transformation or new establishment of commercial business.
  • Acquisition of specialised equipment and furniture that is necessary for the development of the commercial activity and especially for the exhibition of products.

Acquisition of computer equipment, both hardware and software, aimed at the implementation and improvement of electronic commerce, as well as projects that allow the implantation of  information and communication technologies (ICT) in commercial business processes.

Budget, source and type of funding
Year201620172018
National public funds
Regional public funds 90000016290001477356
EU Structural Funds
Private funds
Other
Total90000016290001477356
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:

No information available.

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

The measure targets a specific sector and company, preventing other economic activities or business that could also benefit from the grants apply for them. On the other hand, it is open for any company developing its activity in Madrid but whose origin could be any other Member State of the EU. This might attract investments from other countries that can make use of the grants to facilitate their establishment.

Would you recommend this measure as an example of regional good practice to policy-makers from other regions ?:
Yes
Organisation(s) responsible