TODAY IT IS EXPECTED to announce the launch of TEPIX III, a very important tool that will channel resources of €2.2 billion.

UMBRELLA CASH

Loans

Guarantees

SPECIAL PURPOSE LOANS

The support of start-ups through TEPIX III is particularly promoted, as it will provide special purpose loans to micro and small businesses, which have been operating for less than 5 years. In addition, HDB will provide tools to assist SMEs in their digital and green transition.

SUSTAINABILITY PROGRAMS

Digital Upgrade Fund, with a total budget of €175 million.

Green Co-financed Loans Fund, with a total budget of €415 million.

SIGNIFICANT CHANGES. The new Fund (TEPIX III) will combine the guarantee of loans without a guarantee fee and with a significant interest rate subsidy on the loans granted for two years, both for working capital and for investment projects. Through its guarantee pillar, it guarantees up to 80% of the loan and subsidizes the interest rate by 2 percentage points. In addition, through the interest rate subsidy pillar, 40% of the loan will be interest-free and 60% will be subsidized at 3 percentage points.

WHO IS IT ADDRESSED TO The new fund is aimed at start-ups, new and existing, micro, small and medium companies.

INVESTMENT PLANS

€20 thousand to €1.5 million through de minimis regulation

Up to €10 million with a general exemption regulation

ELIGIBLE EXPENSES

Expenses of business investment plans that have not been implemented at the time of loan approval.

Investment projects can either be implemented within the framework of a state aid program or independently, with an approval decision of a banking institution

Repayment period 5 to 12 years, with the possibility of a grace period of up to 24 months