- The selected initiatives will receive grants ranging from 150,000 euros to 10 million euros per project.
- 52% of the selected projects are led by SMEs, which account for 37% of the grants awarded.
The Ministry for Ecological Transition and the Demographic Challenge (MITECO) has resolved the call for subsidies, corresponding to the year 2022, for the promotion of the circular economy in the company. Today’s resolution is the third and last partial resolution after those published on the Fundación Biodiversidad website on October 23 and December 28, 2023.
Of the 351 applications received, 102 projects have been selected to receive a total of 165.5 million euros, with grants ranging from 150,000 euros to 10 million euros per project. Co-financing varies between 15% and 60%, depending on the type of action and the size of the entity. For this reason, it is worth highlighting the commitment to circularity of the beneficiary entities, since the total investment directly associated with these one hundred projects amounts to 415.6 million.
The 102 projects selected are developed by 115 beneficiary entities (10 of them are carried out by groupings of 23 companies). Of the selected actions, 52% are led by SMEs, although these execute projects with smaller amounts, absorbing 37% of the aid.
MUCH MORE THAN WASTE MANAGEMENT
As was foreseeable and in line with the financial allocation and existing needs, the category with the largest number of projects is waste management improvement (49 projects and €80.3 million in aid). However, actions aimed at reducing the consumption of virgin raw materials show very similar values with 43 projects and 80.6M€ of aid, which shows the role that prevention is acquiring in the business sector. In this line also highlights that among the beneficiaries there are 9 digitalization projects (€4M) and one R&D eco-design project (€0.4M).
PERTE CIRCULAR ECONOMY
This call is part of PERTE’s action line 2 aimed at projects to promote the circular economy in any sector. The objective has been to support projects and actions that substantially contribute to the sustainability and circularity of industrial and business processes, in order to improve the competitiveness and innovation of the industrial fabric within the framework of a circular economy.
To this call will be added this year the calls for aid foreseen for the key sectors of textiles, plastics and capital goods for renewable energies, corresponding to action line 1 of the PERTE, all within Component 12 “Industrial Policy for Spain 2030” of the Recovery, Transformation and Resilience Plan.
The ecological transition constitutes one of the four fundamental pillars identified in Spain’s Recovery, Transformation and Resilience Plan (PRTR), along with digital transformation, social and territorial cohesion and equality. This Plan contains 30 components, including Component 12 “Spain’s Industrial Policy 2030” which includes a series of reforms and investments in the field of circular economy and waste, highlighting investment C12.I3 “Plan to support the implementation of the Spanish Circular Economy Strategy and waste regulations”. The latter is configured as one of the fundamental instruments for the deployment of the circular economy and to make progress in achieving the European Union’s climate objectives.
