Image NEW CALL FOR AID FOR ENTREPRENEURSHIP IN THE MADRID MARKETS

NEW CALL FOR AID FOR ENTREPRENEURSHIP IN THE MADRID MARKETS
2023/07/07

PRESS RELEASE

 

The city council encourages the opening of new businesses in the markets of Madrid.

Published a new calls for municipal aid to encourage entrepreneurship in the markets of Madrid.

 

  • A percentage of the rate is subsidized to the owners of open market premises between January 1, 2020 and August 31, 2023.
  • The total credit allocated to this aid amounts to 495,000 euros and may be increased to another 490,000 euros, in case of demand, provided there is sufficient credit for it.
  • The deadline for submitting the aid regulated by this call will begin on July 15, 2023 and end on August 31, 2023.
  • Women entrepreneurs will have an additional aid of 10% over the general.

 

The official bulletins of the Madrid City Council and the Community of Madrid publish today the new call for subsidies approved by the Delegate of the Government Area for Economy, Innovation and Employment, Miguel Ángel Redondo aimed at encouraging entrepreneurship in municipal markets through the granting of aid for the payment of occupation rates of premises located in these.

To these aids for entrepreneurship in the markets will be added those destined to finance the works necessary for the adaptation of the premises, which will be published shortly.

These calls for subsidies, together with the one to support the digitization of the commercial, hotel and catering sectors, published last January, the one for market modernization and the one for the promotion of associations, whose credit was approved by the governing board last March 16 and the 2 that will be approved shortly, aimed at supporting the operation of the associative fabric and the participation of designers in Madrid fashion week, are part of the ACTION PLAN OF THE YEAR OF COMMERCE OF MADRID presented by the Mayor of Madrid on March 3.

All these aids constitute one of the main financing instruments of the MADRID COMMERCE IMPULSE AND SUPPORT PLAN, to which, since the beginning of the legislature, nearly 59 million euros of the municipal budget have been allocated through different budgetary programs and dedicated institutional advertising resources worth more than 32 million euros, thus quintupling the amount equivalent to the previous 3.5 years of the last legislature.

 

Credit and object :

The purpose of this call to encourage the occupation of premises in municipal markets, by paying their holders a percentage of their rate, provided they have started their activity after January 1, 2020 and before August 31. of 2023.

The total credit allocated to this aid amounts to 495,000 euros and may be increased to another 490,000 euros, in case of demand, provided there is sufficient credit.

Beneficiaries:

The following may be beneficiaries of these aids:

Users of premises in municipal markets (self-employed or SMEs) who have signed a contract for the assignment of premises with the concessionaire of a municipal market in the period between January 1, 2020 and August 31, 2023.

Amount of aid and support for female entrepreneurship:

The amount of the aid will be calculated by applying the percentages that appear in annex I of the bases of the call for the different markets. The maximum amount of aid per beneficiary will be up to 1,000 euros per month, up to a maximum of twenty-four months, during the period from January 1, 2020 to August 31, 2023.

The amount of the resulting aid will be increased by ten percent (10%) if the applicant is a woman or if the company is made up of at least fifty-one percent (51%) by women in accordance with the articles of incorporation .

The aid is postpayable

Requirements to access help

  • Natural or legal persons applying for the subsidy must meet the following requirements from the date of submission of the application to the date of payment of the subsidy:
  • Be formally and legally constituted and registered.
  • Your activity must be carried out in a municipal market.
  • Be up to date in compliance with tax and Social Security obligations, or failing that, have been granted a deferment or moratorium .

The bases can be consulted in this LINK