Mutual Guarantee Societies: subsidies up to 300,000 EUR to guarantee vehicle renewal for the transport sector

In 3 key points

1. I
   Maximum limit of 300,000 euros per beneficiary in each call, Art. 5.2 (art. 5.2)
2. II
   Payment may be advanced following notification of award or following justification, at the beneficiary's discretion, Art. 6.1 (art. 6.1)
3. III
   Obligation to prove compliance with Tax and Social Security obligations prior to payment, Art. 6.3 (art. 6.3)

How it affects those involved

For Mutual Guarantee Societies, the regulation allows access to non-repayable funds to strengthen technical provisions and expand their capacity to guarantee clients (Art. 9.b Law 1/1994). For transport companies (sole traders and SMEs), the indirect effect is improved access to financing and better loan conditions to renew fleets with less polluting vehicles (Explanatory Memorandum). Grant payments may be advanced following notification of award, subject to the provision of a guarantee to the Caja General de Depósitos if this route is chosen (Art. 6.1 and 6.4).

Frequently asked questions

What is the maximum amount a Mutual Guarantee Society can receive?

The amount granted per call may not exceed 300,000 euros (Art. 5.2).

How can the grant be collected?

The beneficiary may choose between a single advanced payment following notification of award or following the justification of the grant (Art. 6.1).

What requirements must I meet to receive the payment?

It is mandatory to prove that you are up to date with tax and Social Security obligations (Art. 6.3).

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