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The Government approves the granting of regional incentives for 34 investment projects in Andalusia for a total of 41 million euros

02/01/2023

They will mobilize an investment of 281.7 million and will maintain 9,946 jobs and create 491 new jobs

The Government has approved the granting of regional incentives to a total of 34 projects based in Andalusia, with a grant of 40,942,571.95 euros. This amount will allow an investment of 281,780,328 euros to be mobilized.

These projects will also maintain 9,946 jobs and create an additional 491 jobs in the Community.

Throughout the country, the Executive has approved a total of 135 projects that will receive regional incentives in 13 Autonomous Communities. Specifically, this aid is intended, in addition to Andalusia, for Aragon, Asturias, Murcia, Castilla-La Mancha, Cantabria, Galicia, the Canary Islands, Castilla y León, Extremadura, the Valencian Community, the Balearic Islands and Melilla.

The details of the projects to which these regional incentives have been granted have been published this Monday in the Official State Gazette (BOE).

The overall amount of grants awarded is EUR 150.9 million and will enable a total investment of EUR 846.4 million to be mobilised. These projects will maintain 15,735 jobs and create 2,006 new jobs.

In this way, Andalusia is the community that will receive the most subsidy and that will mobilize the most investment from all the beneficiary Autonomous Communities. It is also the community that will maintain more employment.

Of these 34 Andalusian projects, five were approved by the Government Delegated Commission for Economic Affairs (CDGAE) at its meeting on December 23, 2022. The other 29 projects, not exceeding 15 million subsidy per company, have been approved in an Order of the Ministry of Finance and Public Service published on December 14.

This aid is an instrument for promoting entrepreneurial initiatives with the aim of distributing economic activity in a balanced way throughout the territory. These are projects in the industrial sector and tourism, which promote and develop the socio-economic fabric of the areas where they are implemented.

In this way, regional incentives contribute to the interterritorial economic balance and to inclusive and sustainable economic growth by financing productive investment projects, job generators, technologically advanced and sustainable, promoting economic activity in the regions with a lower level of development and contributing to closing the gap in terms of per capita income with the rest of the regions, not only of Spain but also of the EU.