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As a convergence objective region, Galicia is available to present one of the best offers within the EU for providing financial support for investment. The funding controlled by the IGAPE is channelled through different programmes with the backing of the Spanish Ministry of the Economy and the Autonomous Community of Galicia.
Training support programmes
 Investment support programmesFrom 2007 onwards, Galicia is catalogued as Convergence Region Area by the European Union, thus making it eligible for the concession of non-refundable grants for investments of up to 30% of the subsidisable investment. Including the following items as subsidisable investments:
IGAPE, as the Regional Development Agency of Galicia, is the institution responsible for channelling most of this aid to the investment opportunities in our autonomous community, without jeopardizing the right to other sectorial grants from the Regional Ministries of Rural Affairs, Fishing and Maritime Affairs.
 The Ferrol area: Funding for the area of Ferrol, Eume and Ortegal will soon be forthcoming with the launch of this intensive plan to increase aid by means of non- refundable grants and refundable loans at zero interest over a period of 15 years.
In the case of companies already established in Galicia, there are major grants available for research or development programmes, and support and services for international expansion. Download file on investment aid:
Programmes for public venture capitalXesGalicia is a venture capital management firm with two shareholders: IGAPE (70%) and Ahorro Corporación (30%). Its main objective is the management of venture capital funds from EMPRENDE and ADIANTE and of the assets of SODIGA (a venture capital company). It finances company development through the temporary acquisition of minority shares of unquoted companies. In addition, it may make ordinary or mezzanine loans to investee companies.
Strategic Investments in Galicia (INESGA). This was established as a Development Fund in November 1994 in order to help finance viable private investment projects, and has been of particular interest for the Galician economy.
A new financial cooperation agreement was signed in 2000 with the aim of authorising credit for a total of 108.18 million euros.
Training support programmesMade to measure training: As a part of the FIP Plan it is possible for a company or a group of companies to design their own training programme with the specific aim of obtaining funds to finance it, on the condition that they agree to offer employment to 60% of the trainees starting the course. These courses are designed by the companies themselves according to their own requirements. They must comply with the guidelines of the FIP Plan and cover the total cost of the training course. They must also include the possibility of sending workers to the company headquarters to complete their training.
Employee training schemes: These are subsidies for training courses programmed for the company's own workforce. The amount of the subsidy depends on the function and type of company.
Support programmes for contracting personnelA series of support grants are available to help companies contract new workers or convert temporary contracts into contracts for an unlimited period, depending on the category of the worker and the type of contract involved. |
