Extraordinary measures to provide solvency to businesses due to COVID-19
Information on COVID-19 aid measures
On Friday, March 12, 2021, the Council of Ministers approved Royal Decree Law 5/2021, Extraordinary measures to provide solvency to businesses, aimed at continuing to protect the productive fabric, avoiding a structural impact on the economy and preserving employment.
With four areas of action, three consisting of funds for viable companies with a total of €11 billion, and a fourth one to expand bankruptcy moratoriums and other measures to defer tax debt.
Specifically, three aid funds are created for viable companies whose asset situation has deteriorated as a result of the pandemic. Of these, the "Covid line for restructuring financial debt," and specifically the "Direct transfers" measure under the Code of Best Practices, is still open.