The forecast is to start distributing the funds before the end of the year
MADRID, 21 Oct. (EUROPA PRESS) -
The Ministry of Industry, Commerce and Tourism will report next week on the aid definitively granted to each beneficiary business group of the Strategic Project for the Recovery and Economic Transformation of the Electric and Connected Vehicle (Perte VEC).
Thus, the Department headed by Reyes Maroto will announce the final resolution of the granting of aid linked to the Perte VEC to each group that has been a beneficiary and will also publish the results on its website, after the minister announced today that public investment will amount to almost 880 million euros (877.2 million).
This amount represents 29.5% of the total budget allocated for the Perte VEC, which stands at 2,975 million euros, and means raising the figure announced in the provisional publication, which was around 600 million euros (702 million including the Ford project) and was around 20% of the budget.
From the Executive they highlighted that these 877.2 million euros approved in the final resolution will allow the mobilization of investments worth 2,250 million euros by the automotive sector.
Industry pointed out that this program is additional to "other lines" of support such as the Moves Plan, which to date has mobilized 626 million euros; the Moves Proyectos Singulares I and II, with 364 million euros; the technological program for sustainable mobility of the CDTI, with 40 million euros, or the Moves Flotas, with 50 million, among others. The public resources committed to support the automotive sector reach a figure of more than 2,000 million euros.
"With the step we are taking today, the Government reinforces its commitment to the entire Spanish automotive ecosystem and to the development of new activities around the industrial value chain of the electric and connected vehicle, advancing in the objective of making Spain a leader of electromobility at a European level", Maroto stressed.
Likewise, he pointed out that these investments will contribute to strengthening national industrial autonomy and will allow the Spanish and European automotive industry to develop disruptive changes in its value chain and its business model that will allow it to maintain its leadership worldwide.
Once the business groups receive notification of the funds that have been definitively awarded to them, they will have to present the required guarantees, with the forecast that they will begin to receive the money before the end of the year.
From Industry they highlighted that 90% of the total amount of the aid granted to each beneficiary will be advanced and confirmed that, once this first call for the Perte VEC is finished, a new edition will be opened "to offer continuity in the support that the sector needs to tackle electrification successfully".