The Government, through an Agreement of the Government Delegated Commission for Economic Affairs (CDGAE) and an Order of the Ministry of Finance, has approved the granting of regional incentives to a total of 102 projects in ten Autonomous Communities. In particular, this aid is intended for Aragon, Murcia, Castilla-La Mancha, Cantabria, Galicia, the Canary Islands, Castilla y León, Andalusia, Extremadura and the Valencian Community.
The overall amount of the grants awarded is 261,269,202.72 euros and will allow a total investment of 1,385,317,364 euros to be mobilized. These projects will maintain 12,486 jobs and create an additional 2,502 new jobs.
In the specific case of Cantabria, according to the Ministerial Order that will be published in the Official State Gazette (BOE), a project has been approved via Ministerial Order, since the eligible investment does not exceed 15 million euros per company.
This project has received a grant of 266,940 euros, and represents a total investment of 1,160,610 euros. They will also make it possible to create five new jobs.
This aid contributes to the interterritorial economic balance and to inclusive and sustainable economic growth by financing productive investment projects, job generators, technologically advanced and environmentally sustainable, promoting economic activity in the regions with a lower level of development and helping to close the gap in terms of per capita income with the rest of the regions, not only of Spain but also of the EU.
During the five years of Pedro Sánchez’s government, the investments subsidized through regional incentives have doubled throughout Spain compared to the last five years of the previous Executive. Specifically, in the period 2019-2023, a total of 1,059 million grants were approved for these projects, compared to 492 million in the period 2013-2017.
The detail of the grant awarded is as follows:
| ENTERPRISE | LOCATION | INVESTMENT | SUBVENTION | NEW JOB |
| EMERGING COAL | Escalante | 1.160.610.00 | 266,940,30 | 5 |