Centre for Industrial Technological Development CDTI - Banking Line CDTI

Beneficiaries: 

Intended for corporations and cooperatives, irrespective of size, which invest in technological innovation.
 

Eligible Investments:

Investment projects in production investments in new production assets aimed at enhancing and modernising the technological component of companies, provided the investment project submitted falls within the following limits:

• The part relating to investments in Land and Buildings, if any, must not exceed not exceed 30% of the total investment project to be financed.
• The part relating to intangible investments, if any, (personnel, materials, external collaboration and other indirect costs), must not exceed 50% of the total investment project.
• Payment of the investment was not made more than 6 months prior to signing the financing operation.
  New Production Asset refers to those acquired from a third part which represent the first transfer of the item, as evidenced by the relevant documentation and invoices.

A Production asset is that which, directly or indirectly, enable the chief business of the company to be performed as described in the corporate purpose.

Non-Eligible Investments:

• Those forming part of an Investment Project completed prior to submittal.
• Land and Buildings unrelated to innovation activities.
• Expansion of the production capacity without representing major technological differences with the usual system of the national sector in which the company operates.
• Investment in equipment that does not form part of a technological innovation Investment Project.
• Value Added Tax (VAT)

Type: Loan or leasing.

Repayment terms:

- 5 years without grace period
- 7 years without grace period
- 7 years including 2 years grace period

Interest rate:

• Variable

- If the Euribor (1 year) is lower than or equal to 2%, the applicable interest rate for the customer is 1.50%.
- If the Euribor (1 year) is greater than 2%, the applicable interest rate for the customer is Euribor (1. year) – 0.50%

Amount to be financed:

• Maximum of 75% of the investment project submitted by the customer (excluding VAT and investment related taxes).
• The maximum amount to be approved for funds within this facility may not exceed 1,500,000 euros per beneficiary and year, in one or more operations. Minimum amount 100,000 euros.

Fees:

• Exempt

Aid compatibility:

This facility is subject to the de MINIMIS system which sets forth that the total aid approved for a company may not exceed 200,000 euros during a period of three fiscal years; therefore, the gross equivalent of the subsidy for these operations may not exceed the limit of 200,000 euros in a three-year period.

Submission of operations to the CDTI:

The operations may be processed at any branch of Banco Sabadell.

Term:

This Facility will be in effect until 31 December 2010 or until the funds are exhausted

For more information please contact our branches and/or  http://www.cdti.es/