Funds Management: regional incentives
Regional incentives are a state granted financial assistance for productive investment in order to promote bussines activity in the areas previously determined contribuing this way to minimization of the interterritorial differences.
The Law 50/1985 of 20 July regulates the regim of the state granted regional incentives. The executive Regulation of the Law was approved by the Royal Decree 1535/1987 of 11 December in which are being concidered different kinds of areas to receive help and their maximum incentivization.
The concrete definition of the areas of application, the maximum incentivization limits as well as the rest of the specific requirements concerning the economic sectors, subsidizable investments and conditions are gathered in the Royal Decrees regarding the different areas delimitation (one for each autonomic region).
More information: The General Direction of the Communitary Funds