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The application period will begin on September 16, 2024 and end on October 4, 2024.
The Ministry of Industry, Trade and Tourism (MINCOTUR) has published the call for the year 2024 of the line of Aid to projects for the boost to the value chain of the electric and connected vehicle (Section B) in framework of the Electric and Connected Vehicle PERTE (PERTE VEC).
The objective of this call is to award grants, in a non-competitive competition regime (by strict order of presentation), to investment plans aimed at the industrial value chain of the electric and connected vehicle, its systems, subsystems and components, and certain auxiliary systems and infrastructure necessary for their deployment.
This call is part of Investment 2, "Competitiveness and Industrial Sustainability Boost Program" of Component 12 "Industrial Policy" of the Recovery, Transformation and Resilience Plan.
Beneficiaries
Companies with their own legal personality, legally incorporated in Spain, which are not part of the public sector and which have been developing an industrial activity in the field of the electric and connected vehicle value chain for a period of at least 2 years prior to the call. It will be understood that this last requirement is met if the applicant carries out his activity in one of the CNAEs included in Annex I of the Call .
To determine the experience in the two years prior to the end date of the application period, both the experience of the entity itself and that of the shareholders and/or management team may be taken into account.
Eligible actions
In this call, investment plans in the framework of the electric and connected vehicle will be subsidized. Each entity may submit a single investment plan per industrial establishment. Investment plans may be composed of more than one project (individual, independent and autonomous, that is, framed in a specific line of action and with specific actions, expenses and investments). The investment plans will be oriented towards one of the following aspects related to the industrial value chain of the VEC:
- Original equipment and assembly (OEM) of electric vehicles or electric and connected vehicles.
- R+D+I in batteries or fuel cells intended for electric and connected vehicles.
- Other essential components intended for electric and connected vehicles.
- Hardware or software components of the intelligent vehicle.
- Hardware or software components necessary for the connectivity of the electric vehicle.
- Electric vehicle charging systems.
- Actions for a second life of batteries and other components from the electric vehicle as well as actions for their recycling and utilization of raw materials.
The minimum eligible budget for each project will be €1,000,000 in the case of those related to aspects 1, 2 and 3 of the VEC value chain and €200,000 in the case of projects related to aspects 4, 5, 6 and 7.
The following lines of action and types of projects are established:
1. Research, Development and Innovation Line:
a. Industrial research projects.
b. Experimental development projects.
c. Innovation projects in the field of organization.
d. Process innovation projects.
2. Line of Innovation in Sustainability and Energy Efficiency:
a. Investments of an innovative nature aimed at protecting the environment.
b. Innovative investments in energy saving or energy efficiency measures.
3. Line of regional investment aid: these projects can only be developed in the areas included in the 2022-2027 Regional Aid Map . Depending on the area and the size of the beneficiary entity, projects for the creation of new industrial establishments, modification of existing production lines or initial investments in favor of a new economic activity may be subsidized.
4. Investment aid line in favor of SMEs: only companies that are considered SMEs can access this line. The projects must include investments in tangible or intangible assets for the creation of a new establishment, the expansion of an existing one, the diversification of production or an essential change in the general production process.
All actions subject to aid must be able to be framed in one of the CNAE collected in Annex II of the Call.
Eligible expenses
Subsidized expenses vary depending on the line in which the project is framed:
1. Research, Development and Innovation Line:
a. Personnel expenses.
b. Instrumental and inventoryable material expenses: expendable material expenses may not exceed 10% of the project cost and those of instruments and material 60%.
c. Expenses for contract research, know-how and patents acquired or licensed from external sources.
d. General expenses: 15% on validly justified personnel costs.
2. Line of Innovation in Sustainability and Energy Efficiency:
a. Devices and production equipment.
b. Building and facilities: Expenses derived from the adaptation of existing warehouses and their facilities and assets not directly linked to the production process. Installations for the generation of electrical energy from renewable sources (photovoltaics and/or wind) can be included up to a maximum power of 5MW. Building and installation costs may not exceed 90% of the subsidized cost of the project.
c. Intangible assets: Assets linked to the transfer of technology through the acquisition of patent rights, licenses, "know-how" or non-patented technical knowledge.
d. External collaborations necessary for the design and/or redesign of processes.
3. Line of regional investment aid:
a. Devices and production equipment.
b. Building and facilities: Expenses derived from the adaptation of existing warehouses and their facilities and assets not directly linked to the production process. Installations for the generation of electrical energy from renewable sources (photovoltaics and/or wind) can be included up to a maximum power of 5MW. Building and installation costs may not exceed 90% of the subsidized cost of the project.
c. Intangible assets: Assets linked to the transfer of technology through the acquisition of patent rights, licenses, "know-how" or non-patented technical knowledge.
4. Investment aid line in favor of SMEs:
a. Devices and production equipment.
b. Building and facilities: Expenses derived from the adaptation of existing warehouses and their facilities and assets not directly linked to the production process. Installations for the generation of electrical energy from renewable sources (photovoltaics and/or wind) can be included up to a maximum power of 5MW. Building and installation costs may not exceed 90% of the subsidized cost of the project.
c. Intangible assets: Assets linked to the transfer of technology through the acquisition of patent rights, licenses, "know-how" or non-patented technical knowledge.
Investments and expenses can be made from the day the application is submitted and up to 40 or 60 months from the date of grant.
amount
The aid granted in the framework of this call may take the form of a loan, subsidy or a combination of the two modalities. In the case of repayable loans, a repayment period of 10 years is established, with 3 grace periods and an interest rate of 3.058%.
The intensity of the total aid (subsidy sum + gross subsidy equivalent of the loan) may not exceed 80% of the subsidized budget of the project, except in the line of regional investment aid in which the intensity may not exceed the 75% of the budget. Depending on the type of project and the size of the beneficiary entity, in some cases it will be required that part of the funding to be granted is in the form of a loan.
The initial total budget of the call is €200,000,000 of which €100,000,000 will be in the form of a grant and €100,000,000 in the form of a loan. In addition, in case of need and budgetary availability, an additional amount of up to €400,000,000 can be made available in the form of a subsidy.