Regional Program Leads €20.7 Million Investment in Industrial Modernization
The Community has mobilized €20.7 million for industrial modernization via a new Regional Incentives program.
Key Points
- • €20.7 million invested in industrial modernization through Regional Incentives program.
- • In H1 2025, €3.2 million in subsidies were granted to seven companies.
- • Subsidy rates are 50% for small, 40% for medium, and 30% for large companies.
- • Since 2020, the program has led to 6,595 maintained jobs and 1,138 new jobs.
The Community has mobilized significant investment to promote industrial modernization through its Regional Incentives program, amounting to €20.7 million. This initiative aims to stimulate economic growth and job creation in the region, with a particular focus on supporting business ventures exceeding €900,000 in investments.
During the first half of 2025, the program disbursed €3.2 million in subsidies to seven companies, a move that is expected to maintain 491 direct jobs and create 68 new ones. The program categorizes its subsidy offerings based on company size: 50% for small enterprises, 40% for medium-sized businesses, and 30% for large corporations.
Regional Minister of Business, Employment, and Social Economy, Marisa López Aragón, highlighted the program's role as a crucial funding source, reinforcing the partnership between the regional government and the Ministry of Finance. The emphasis on strategic sectors, particularly the food industry and the paper and cardboard sectors, showcases the targeted approach of these subsidies, with the food sector alone receiving €1.3 million, projected to leverage investments over €8.4 million.
Since its inception in 2020, the Regional Incentives program has approved 74 projects, leading to over €440 million in investments and providing a total of €70.1 million in subsidies. This has resulted in the maintenance of 6,595 direct jobs and the creation of 1,138 new jobs across the region, showcasing the program's success in bolstering employment amidst a challenging economic landscape. This industrial modernization initiative appears to be a vital component of the region's economic recovery and growth strategy.