Subsidies for entrepreneurs and SMEs to support the start-up and consolidation of their business projects

Purpose

The purpose of this resolution is to announce, for the year 2024, grants aimed at entrepreneurs and SMEs to support the start and consolidation of their business projects. 

The grant award procedure will be conducted on a competitive basis.  

Funding

For the year 2024, the called grants will be financed by line S1464 of the budget program 322B00, chapter IV, up to a maximum total amount of 1,500,000 euros, from funds owned by the Generalitat.  

Beneficiaries

The following parties may apply for the grants outlined in this call:

a) Be an entrepreneur, defined as individuals (sole proprietors), or SMEs with their own legal personality, who are about to start or have started an economic or productive activity within the last five years that offers a competitive advantage. The five-year period will be calculated for sole proprietors from the date of registration in the Economic Activities Tax (IAE) and, for SMEs, from the date of registration in the Mercantile Registry of the public deed of incorporation or in the appropriate registry according to their nature.

b) Have their registered office in the Valencian Community.

c) The business project must be related to a sector of activity that is booming and offers future opportunities. For the purposes of this call, booming activities include:

  • Transport, sustainable mobility, and logistics
  • Cybersecurity, digital services, technology, and artificial intelligence
  • Environment, sustainable development, circular economy, and renewable energies
  • Agricultural and food industry
  • Rural world and Smart Cities
  • Artistic, recreational, and entertainment activities
  • Tourism and hospitality
  • Financial and real estate services
  • Sport, health, wellness, and aesthetics
  • Care economy
  • Aerospace sector
  • Education

 Furthermore, other booming sectors may be considered upon justification.

 Business partnerships and civil societies without legal personality are excluded.

Eligible actions  

This type of aid aims to support the business projects of entrepreneurs and SMEs in the Valencian Community, and will cover the current expenses arising from the start and consolidation of their business project. The grants may not be used for investments or property acquisitions.

The minimum budget eligible for the business project will be 5,000 euros, excluding VAT. Applications with budgets that do not reach this minimum amount will be deemed inadmissible.

Period for carrying out eligible actions

Actions carried out between July 1, 2023, and May 31, 2024, are eligible.  

Eligible expenses

The eligible expenses will fall into one of the following categories:

a) Labor costs of own staff and corporate advances that have been carried out between July 1, 2023, and May 31, 2024. The staff must be employed at the Valencian Community headquarters of the benefiting company. The maximum monthly gross salary eligible for subsidy consideration will be 3,000 euros, including the proportional part of extraordinary payments and other compensations.

b) Expenses for hiring external collaborations such as consultancy, professional services, and technical assistance, for the start and consolidation of the business project, up to a maximum amount of 10,000 euros. These external collaborations must be aimed at initiating and improving the management of the company and its competitive position, as well as the costs of accompanying these processes. The costs for developing the business plan, the digitalization strategy, strategy for sustainable growth of the company, the development and positioning of the brand, as well as part-time support services or "interim-manager" experts at any stage of the process, may be subsidized, among others.

c) Expenses for legal advice and notarial and registry costs for the execution of the subsidized project, which are directly related to the subsidized activity and are indispensable for its proper preparation or execution.

d) Expenses for renting premises, coworking spaces, offices, or essential spaces to carry out the business activity.

e) Expenses for advertising, dissemination, and marketing services, including digital marketing and online channels, among others. Explicitly included in this section are the expenses for the design and development of packaging and product or service identity.

Amount of the aid  

The amount of the grant will be determined as follows:

A percentage of 70% will be applied to the total expenses considered as eligible.

The result of applying the mentioned percentage will be the grant amount, provided that it in no case exceeds 15,000 euros, which is established as the maximum grant limit per beneficiary for this call.  

Deadline for submission of applications

The application period is open from June 10 to July 10, 2024.

--

More information at the link: https://www.infosubvenciones.es/bdnstrans/GE/es/convocatorias/760893

Funding logos

Funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union. Neither the European Union nor the granting authority can be held responsible for them.