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The Government approves a new line of €50 M to promote the internationalisation of Spanish companies

Council of Ministers

Trade | 9/7/2021

  • Part of the Recovery Plan, the line finances feasibility studies, technical assistance and consultancy to improve exports with high added value
  • Priority will be given to studies conducted in African and Asian countries

Full press release [PDF] [162,69 KB]

The Council of Ministers has today approved, at the proposal of the Ministry of Industry, Trade and Tourism, the creation of a new line of non-refundable financing from the Fund for the Internationalisation of Enterprise (FIEM) within the framework of the Recovery, Transformation and Resilience Plan for an amount of 50 million euros for the period 2021-2023.

According to the Minister of Industry, Trade and Tourism, Reyes Maroto, the internationalisation of companies has proven to be an asset that strengthens the competitiveness of the Spanish economy and its resilience through geographical and sectoral diversification. The Recovery Plan provides for measures to strengthen the capacities and instruments of the Spanish export, internationalisation and foreign investment support system. These programmes include this non-refundable line of financing for feasibility studies and sectoral and institutional modernisation under the FIEM, a new instrument to improve high value-added exports.

The aim of this line is to offer financing linked to feasibility studies, technical assistance, sectoral plans, consultancy, engineering, and any other study for the detection, definition and improvement of projects of interest for the internationalisation of Spanish companies.

Beneficiaries of this line are mainly public agents and, exceptionally, private entities when the need to award the grant aid is duly justified. Priority will be given to studies conducted in African and Asian countries.

Financing feasibility studies, technical assistance and consultancy facilitates the export of high value-added goods and services. The export spillover is immediate for the consultancy firm executing the contract. Other indirect effects include the possibility of executing new contracts, or the award of projects derived from the financed study. On the other hand, financing feasibility studies, consultancy and technical assistance is a mechanism for detecting and discovering projects, potential opportunities for other Spanish companies that could execute them.