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React Covid, new aid for SMEs in Galicia- The GO! Guide


React Covid; The Xunta de Galicia supports SMEs in their recovery after the pandemic

React Covid is a line of helps that throws the Xunta de Galicia for the SMEs from Galicia with the aim of supporting their recovery after the pandemic.

The regional government opens the application period for the ReArea covid-19 program, a line of action promoted by the regional administration seeking to cooperate with the Galician business fabric, contributing to its promotion and recovery after the pandemic.

The call aims to strengthen Galician SMEs in order to improve their competitiveness and to address new markets. An objective already framed in the ReAcción program that the Galician Government has been developing since 2012, thus reinforcing its commitment to the circular economy.

This line, whose application period is open until November 15, is aimed at achieving results, learning and the autonomy of companies, which will be monitored throughout this process. In fact, each service consists of 3 parts: training and awareness, analysis and execution of the work plan.

Thus, ReA rea covid-19 adds 5 new services for Galician SMEs:

  • They will be able to access specialized services in the adequacy of the financial statements
  • The transmission or acquisition of productive units
  • Analysis of international markets
  • Preparation of strategic plans for internationalization and the implementation of processes in accordance with the circular economy.
  • Small and medium-sized companies, including individuals or legal entities, public or private, communities of property or any type of economic unit that has at least 3 workers and that carries out its activity in Galicia, will have the opportunity to request these services. your 2020 turnover is 10% lower than that of 2019.

All services have a cost of 600 euros for the applicant, with a market value of 10,000 euros.

In this way, the Xunta de Galicia complements the ReAcione program, an initiative that has already facilitated the development of more than 2,000 projects to date that have improved the competitiveness of 1,333 Galician companies, mobilizing a final investment of 10.5 million euros
in the community.

+ Info: Igape

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