Direct Expansion Line (LICA) DANA

The Direct Expansion Line (LICA) DANA aims to boost innovation in certain disadvantaged Spanish regions. This line may be requested by any company that meets at least one of the following conditions:

· The place of development of the proposal is carried out in one of the 78 municipalities listed in Annex I of the instrument's file.

· El domicilio social de la empresa esté en alguno de los 78 municipios recogidos en el Anexo I de la ficha del instrumento.

The beneficiary of the aid may be companies that are validly constituted, have their own legal personality and tax domicile in Spain, develop an investment project in the assisted areas specified in the detail sheet of the instrument and comply with any of the conditions established in the section on the scope of application.

Of continuous presentation throughout the year, until the exhaustion of the available funds.

Open all year round.

Open.

Partially refundable aid.

This line of aid will be endowed with up to 200 million euros, being able to be extended by a decision of the Board of Directors of the CDTI.

Fixed interest rate and 0%.

Support of up to 75% of the approved budget.

Advance of up to 75% of the aid granted (with the possibility of increasing to 100%).

Return:9 years, with one year of lack of capital since the completion of the project.

The CDTI may require the creation of guarantees for the return of aid when the financial economic analysis of the company so requires.

Where appropriate, the CDTI may apply a derogation or exemption from the guarantees requested.

Non-refundable tranche (calculated on a maximum of 75% of the approved budget):

• European Funds: 15%-30%
• CDTI Funds: 10%

The company must provide at least 25% of the eligible costs either through its own resources or through external financing exempt from any type of public aid.

Only projects with development in certain assisted regions will be supported.

Minimum budget: 175,000 euros.

Maximum budget: 30,000,000 euros.

Duration: between 9 months and 24 months.

Aid may be granted to projects belonging to all productive activities eligible for aid, except those excluded under the current regulations.

Investments must be maintained in the beneficiary area for at least five years (three years in the case of SMEs).

Projects can be financed with CDTI funds and/or European Funds (ERDF Funds, MRR and others), as long as they meet the requirements to be eligible for funding and there is availability of funds.

Yes

In case of cofinancing with ERDF Funds, it may come from both the financial instrument “CDTI Innovative Growth” Multiregional Operational Programme of Spain 2014-2020, and from funds of the Multiregional Programme of Spain 2021-2027.

Projects co-financed with ERDF Funds 21-27 must demonstrate compliance with the DNSH principle.

No.

Under this line, the following investment aid will be granted in assisted areas:

· Aid for the initial investment.

· Initial investment aid that creates a new economic activity.

Eligible investments are considered:

The acquisition of new fixed assets that represent a technological innovation and improvement of productive capacities in the company (group) that carries out the project.

The investment may take the form of new tangible and intangible fixed assets:

• ‘material assets’ means assets consisting of machinery and equipment,
• ‘intangible assets’ means assets which do not have a physical or financial materialisation, such as patents, licences, know-how or other intellectual or industrial property rights.

Restrictions on eligible investments can be found on the instrument’s detail sheet.

Refer to Annex V of the instrument’s detail sheet.

The incentive effect is presumed when the application is submitted before starting work on the project.

The aid granted by the CDTI shall be incompatible with any other aid aimed at financing the same project, whether direct or indirect, public or private.

See Annex I of the instrument’s detail sheet: municipalities affected by DANA.

The aid will be governed by the provisions of the instrument’s detail sheet, as well as by the corresponding applicable civil and commercial regulations.