Wednesday 12/8/21
BUSINESS

Spain offers €500 million in bonuses for digitalization of SMEs

It is planned for the future to continue opening new calls for the Digital Kit program, aimed at companies of other sizes
11/24/2021. The President of the Government, Pedro Sánchez, during his speech at the event 'Multinationals for the brand Spain'. Photo: La Moncloa.
Prime minister Pedro Sánchez, delivering a speech at the event 'Multinationals for the brand Spain'. Photo: La Moncloa.

Prime Minister Pedro Sánchez announced on Wednesday the launch of the 'Digital Kit' plan, consisting of a government program of financial aid for the digital transformation of SMEs and the self-employed (autonomos).

During his speech at the opening of the Eighth Annual Congress of Multinationals for Brand Spain, Sánchez explained that "soon" the first call for the Digital Kit will be opened, with 500 million and aimed at small and middle sized companies with 10-49 employees.

The program has an overall budget of three billion euros financed with funds from the EU Recovery, Transformation and Resilience Plan.

It aims to improve the digital transformation of one million SMEs and the self-employed entrepreneurs, through a bond "that allows them to finance a set of services available in the market from a digital point of view," said the head of government.

Pedro Sánchez said that it is planned for the future to continue opening new calls for the Digital Kit program, aimed at companies of other sizes, until the overall budget of 3 billion euros is completed.

Modernization

In the presence of managers from the main multinational companies, Prime Minister Sanchez highlighted the challenge and the opportunity that the Recovery Plan represents for Spain. During his speech, he stated that over the next three years the economy will undergo "unprecedented modernisation."

At the same time, he emphasized the importance of involving private companies in the transformation process that the country needs. In particular, he said that "on this path it is clear that we cannot leave SMEs behind, because they represent the bulk of employment and also of the business fabric".

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