A guide to aid to SMEs due to the crisis



José Luiz Rodríguez Zapatero.

Plan E includes measures against the government crisis. ARCHIVE

The President of the Government, José Luis Rodríguez Zapatero, announced on Sunday a new extraordinary line of guarantees for small and medium enterprises (SMEs), through the ICO and endowed with 3,000 million euros, to guarantee the collection of invoices endorsed to municipal works and services.

These are all measures that the Government has taken to facilitate the business of the companies during the current economic crisis:


The ICO-PYMAR line is a sectorial line of the ICO endowed with 200 million euros in 2009 , destined to finance the needs of the different shipbuilding contracts of the Spanish private shipyards for the completion of their order portfolios that will help to solve existing credit restrictions for the private shipyard sector.

ICO-Liquidity Line for SMEs and the self-employed

The new line of the ICO, ICO-Liquidity, specific to finance money circulating to SMEs. This is an exceptional measure since up until now the ICO had only financed the investment. This line will be endowed with 10,000 million euros , of which 5,000 are contributed by the ICO and the rest by financial institutions.

ICO-Liquidity Line for medium-sized companies

This is a complementary measure to the line of liquidity to SMEs launched at the beginning of the year, but aimed at larger companies. This line will be endowed with 6,000 million euros , of which 3,000 are contributed by the ICO and the rest by financial institutions. Each company may request a maximum of 10 million euros, to be returned within a period of three years, with one year’s grace period.

ICO Line-Manufacturing Sectors

The expansion for another three years of the ICO-Improvement Competitiveness of the manufacturing sectors during the period 2009-2011, with an endowment of 150 million euros . The beneficiaries: companies in the textile-clothing, footwear, furniture, toy, tanning, leather goods and wood sectors.

Monthly VAT refund

Since January 2009, VAT taxpayers will be able to request the refunds that correspond to them month by month, without needing to wait until the end of the year. That is going to mean that they receive some 6,000 million euros in advance in 2009.

Corporate tax

Investments in new assets subject to economic activities, acquired during the tax periods commenced in 2009 and 2010, may be amortized freely, provided that the company maintains its workforce. All Taxpayers of Corporate Tax will benefit, that is, 1,350,000 companies , of which more than one million are SMEs.

Postponement of Social Security contributions

The criteria for granting deferrals of payment of Social Security contributions are made more flexible, for those companies with liquidity problems that commit themselves to the maintenance of employment. The postponements will be analyzed on a case-by-case basis.

Reduction of legal interest rate and delay

The interest on arrears is reduced by 2 percentage points, which is reduced from 7% to 5%, and by 1.5 points, the legal interest of the money, which goes from 5.5 to 4% . For example, for a tax debt of 10,000 euros, it represents an interest saving of 200 euros per year.

ICO lines of support for the company 2009

The traditional ICO lines of support for the company are extended and improved, including the ICO-SME line (10,000 million euros), ICO-Internationalization (200 million), ICO-Entrepreneurs (100 million), and ICO- Business Growth (600 million). The total mobilized funds for all the programs supposes 10,900 million euros for the year 2009 .

New line ICO-Moratoria SMEs

New ICO line that allows the deferment during 2009 of the amortization of loans granted with the ICO-PYME line. It supposes that the companies will be able to postpone the payment of 5,000 million euros. The deferred amounts will be returned to ICO through a single payment, within one, two, three or five years from January 2010, at a preferential interest rate.


The ICO-PROINMED line is a ICO mediation line for the financing of medium-sized investment projects. Through this program, it is intended to provide credit institutions with funds to finance, under market conditions, investments in new productive assets or the acquisition of shares of companies.

Securitization Funds for Treasury SMEs

The FTPYME line, introduced in 2008, extends to 2009 and 2010, through which the State may grant guarantees to guarantee fixed income securities issued by asset securitization funds.

Split payment of Corporation Tax

The option has been given to the taxpayers to choose the method of calculating the installment payments during 2008, so as not to penalize the companies for the change of accounting system. This means that the upwelling of capital gains that could be generated with the application from January 1, 2008 of the valuation rules of the new General Accounting Plan have not been taken into account when calculating the split payments of April, October and December , on account of the benefits of 2008. This has meant the postponement of payment of 3,000 million euros .

City Council awarded 634 social housing units in 3 years compared to 573 of three previous legislatures


 Pablo Híjar, at a press conference on Wednesday at the City Council EUROPE PRESS

The municipal society of Zaragoza-Housing has awarded 634 social rental homes in three years -from 2015 to 2018- compared to 573 of the three previous legislatures, between 2003 and 2015. These data reveal that there have been 17.6 adjudications to the month over the 6,6 of the previous mandate or the 2,3 of the period 2003-07.

Estimates suggest that the current mandate could reach 840 homes, which would be a “conservative” projection, said Councilor for Housing and Sports, Pablo Híjar. “The policies of the city council have changed for good and it is not enough, but all that is in our hands will be to meet these demands.”

At a press conference, Híjar said that of the 634 social rental houses awarded, 61 percent are of general access through the municipal social rent bag; while the remaining 33 percent are due to housing emergency to respond to judicial proceedings for mortgage or rental debt, to serve vulnerable groups such as

victims of sexist violence, refugees or homeless.

victims of sexist violence, refugees or homeless.

The coexistence units that access by the general procedure must meet three basic conditions such as having a home, being registered in Zaragoza and having an annual net income of more than 5,100 euros and less than 26,855 euros.

The next group, by number, accesses through the Municipal Housing Office, which is 18.3 percent. These are families immersed in legal proceedings for mortgage debt or for rent and with high risk of losing their home. They only access social rental housing when mediation interventions have no positive result and there is no other alternative to avoid social exclusion.


10.5 percent of housing emergency cases are solved through the agreement between

Zaragoza-Housing and the Government of Aragon for vulnerable living units in a housing emergency due to the loss of their habitual residence. With the same objective, 4.3 percent of the allotments deriving from the agreement with the General Council of the Judiciary are dealt with.

In this regard, Híjar has considered that this agreement, which dates from the previous term “should not be used because it is exceeded and has no legal framework is only an agreement.”

The other 5.9 percent of the awards come from situations of vulnerability linked to programs of the Social Rights area of ​​the Zaragoza City Council.

Híjar has detailed that the homes come from the program of municipal social rent that reach more than 350 signed homes, from the conversion of 191 sheltered housing for rent in a block of Parque Goya that supposed an “important niche” and other operations as it will shorten the times between the departure of one tenant and the entrance of another.

“At present there are more than 2,200 social rental houses and before 2015 there were 1,535, which is a difference of almost 40 percent.”

On the other hand, he has opined that it is “urgent” that the Government presided by Pedro Sánchez undertakes the reform of the Mortgage Law and the Urban Leasing Law, in addition to placing limitations on the rental price.

Híjar has reported that last week there was an eviction of a family that had regularized their social rental housing, but was in a bad situation.

“It was a substandard housing, there was a problem with the property that led to the non-payment of rent for what was evicted, this family should be the responsibility of the Government of Aragon realojarla, but it has been Zaragoza-Housing who has taken over.”

In this regard, has indicated that it attracts attention because it occurs with assiduity that many houses of cheap rentals of financial entities and individuals are in very poor condition and there is misinformation and defenselessness of the tenants because they do not know the rights that assist them, so the City Council considers how to establish some point of advice for these affected.

Híjar has warned that an eviction is planned next Tuesday for a Roma couple with 3 children living in housing

occupied by an entity with which it was reached a commitment to study the situation to offer a social rent but when moving to Sareb “the bad bank disregards the commitments with the family and activates the eviction”.

Zaragoza Housing has been trying to mediate in this case for a year and has relied on an attempt of the