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Junta de Andalucía plans to release one billion euros of funds to support regional economy

Junta de Andalucía plans to release one billion euros of funds to support regional economy

Regional president Juanma Moreno has promised to provide small firms and the self-employed with access to loans and liquidity "to save as much as possible of the productive capability"

JOSÉ LUIS PIEDRA

Friday, 15 May 2020, 13:17

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The president of the Junta de Andalucía regional government, Juanma Moreno, has promised to provide small firms and the self-employed with access to loans and liquidity "to save as much as possible of the productive capability" of the region.

Moreno said that his government was committing to putting forward over one billion euros, "to give oxygen" to business people, spread between taxation relief, guaranteed loans and the 300-euro payments to autónomos (self-employed).

This week the Junta de Andalucía signed an agreement with Garántia, a mutual loan guarantee society, to facilitate smaller loans between 9,000 and 15,000 euros to the self-employed, which will be fully guaranteed by the regional government, easy to apply for and interest-free in the first year.

In addition, the funding through Garántia for loans for small and medium-sized firms of up to 100,000 euros has been increased.

Garántia says that, up to now, loans worth over 100 million euros have been applied for in the region.

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