Purpose
The purpose of this resolution is to announce, for the year 2024, grants aimed at supporting entrepreneurs and SMEs in the start-up and consolidation of their business projects.
The granting procedure for these subsidies will be processed under a competitive tender system.
Funding
For the 2024 financial year, the grants announced will be funded under line S1464 of budget program 322B00, chapter IV, up to a maximum total amount of 1,500,000 euros, from the Generalitat's own funds.
Beneficiaries
Those who meet the following requirements may apply for the grants under this call:
a) Be an entrepreneur, understood as a natural person (sole trader), or an SME with legal personality, who is about to start or has started within the last five years an economic or productive activity that offers a competitive advantage. The five-year period shall be counted, in the case of sole traders, from the registration date in the Economic Activities Tax (IAE), and for SMEs, from the date of registration in the Mercantile Registry of the deed of incorporation or in the registry corresponding to their legal nature.
b) Have their registered office in the Valencian Community.
c) The business project must be related to an emerging sector that offers future opportunities. For the purposes of this call, the following are considered emerging sectors:
- Transport, sustainable mobility, and logistics
- Cybersecurity, digital services, technology, and artificial intelligence
- Environment, sustainable development, circular economy, and renewable energy
- Agriculture and food
- Rural areas and Smart cities
- Artistic, recreational, and entertainment activities
- Tourism and hospitality
- Financial and real estate services
- Sports, health, wellness, and aesthetics
- Care economy
- Aerospace sector
- Education
Additionally, other emerging sectors may be considered, subject to justification.
Associations of property and civil societies without legal personality are excluded.
Eligible Activities
This type of aid is intended to support the business projects of entrepreneurs and SMEs in the Valencian Community and will be used to cover current expenses derived from the start-up and consolidation of their business project. The grants may not be used for investments or capital acquisitions.
The minimum eligible budget for the business project will be 5,000 euros, excluding VAT. Applications with an approved eligible budget below this minimum will be rejected.
Period for carrying out eligible activities
Activities carried out between July 1, 2023, and May 31, 2024, are eligible for funding.
Eligible Expenses
Eligible expenses will fall under one of the following categories:
a) Labor expenses for own personnel and shareholder advances made between July 1, 2023, and May 31, 2024. Personnel must be employed at the company's site in the Valencian Community. The maximum gross monthly salary eligible for subsidy, including proportional payments of bonuses and other compensation, is €3,000.
b) Expenses for contracting external collaborations such as consultancies, professional services, and technical assistance, for the start-up and consolidation of the business project, up to a maximum amount of €10,000. These external collaborations must be aimed at starting and improving the company’s management and competitive position, as well as supporting costs for these processes. Subsidized costs may include, among others, external support for developing the business plan, digitalization strategy, sustainable growth strategy, brand development and positioning, as well as part-time support services or experts in “interim-manager” mode at any stage of the process.
c) Legal advisory, notarial, and registry expenses related to the subsidized project that are directly connected to the subsidized activity and are essential for its proper preparation or execution.
d) Rent expenses for premises, coworking spaces, offices, or spaces essential for carrying out the business activity.
e) Advertising, dissemination, and marketing services, including digital marketing and online channels, among others. This expressly includes expenses for design and development of product or service packaging and branding.
Amount of the Grant
The amount of the grant will be determined as follows:
70% of the total expenses considered eligible will be applied.
The result of applying this percentage will be the grant amount, which in no case may exceed €15,000, established as the maximum subsidy per beneficiary for this call.
Application Deadline
The application period is open from June 10, 2024, until July 10, 2024.