CDTI recovers its direct expansion line (LIC A)

In May the CDTI Council approved the Direct Expansion Line in Attended Regions (LIC-A). This new program supports innovative investment in fixed material and immaterial assets, by means of which CDTI supplements its financing tools on innovation programs that propose developments to improve products or services or that include new innovative assets that increase productivity and innovation growth.    
LIC-A is a financing tool directly managed by CDTI and co-financed with support from FEDER 2014-2020 within the Spanish Pluriregional Operative Program with a provisional budget of 160 M€ for 2018-2020.
Said program is aimed at fixed material or immaterial asset investment projects, with a budget between 175,000 Euros and 3,000,000 Euros, and is available in the regions of Andalucía, Castilla la Mancha, Extremadura, Murcia, Castilla y León, Comunidad Valenciana (with the exception of Valencia City), and the Canaries.
The projects will be financed by means of partially reimbursable support which covers up to 75% of the total budget approved by CDTI. This support has a non-reimbursable instalment of 10%, and the interest rate will be the same as Euribor for one year at +0.5%, which shall be established upon the approval of the support. Ordinary interests shall be exclusively applied to the reimbursable amount of the loan and shall accrue and be paid quarterly as of the receipt of said support. The repayment of the loan must be made within 7 years, with quarterly payments, with a one-year grace period established.
LIC-A is aimed at SMEs and large companies and its objective is to finance the acquisition of new fixed assets, both material (facilities, machinery and equipment) and immaterial: patents, licenses, technical knowledge or other intellectual property rights.