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The Government Will Give €7 Billion in Direct Aid to Companies

In the aid package approved by the Government on Friday, a specific amount was earmarked for the Canary Islands and the Balearic Islands, due to the impact of Covid on tourism.

Nadia Calvino ministra de Economia asuntos economicos

The Government will give 7 billion euros to viable companies in trouble due to the pandemic to cover some of their fixed costs, through a fund that will distribute the aid to the autonomous regions.

Direct aid formed the most significant part of the 11 billion support plan for companies that the Council of Ministers approved on Friday in an extraordinary meeting, which will be distributed through the autonomous regions.

Read the full article in Spanish.

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