The Government will give the green light this Friday to the creation of a fund endowed with 10,000 million to rescue companies with solvency problems, as well as the approval of the creation of a new line of guarantees of up to 40,000 million to boost business investment.

According to sources from the Executive have advanced to Efe, these two initiatives are part of a battery of economic measures that are expected to be approved tomorrow in the Council of Ministers.

The rescue fund will depend on SEPI, the State Society of Industrial Participations, attached to the Ministry of Finance, and will allow the State to temporarily enter the capital of viable private companies that present solvency problems generated by the crisis after the pandemic of COVID-19.

The 10,000 million euros with which it will be endowed will serve to support companies through the purchase of shares, debt or any other instrument convertible into capital, but whenever the companies themselves request it before and as a last resort option.

In the case of the ICO line of guarantees, the Official Credit Institute, of up to 40,000 million, will be launched with the aim of boosting business investment and as a way to contribute to the recovery of the economy and employment.

These guarantees are independent of the line of 100,000 million previously enabled for companies to mainly face liquidity problems generated by the economic slowdown after declaring the state of alarm to stop the expansion of the coronavirus.

Now, however, it is about making available up to 40,000 million euros in guarantees so that banks can grant more easily, since it will have the guarantee of the State, financing to companies that may already be thinking of investing.

According to the criteria of The Trust Project

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