The Vice-Presidency of the Government has already begun to work with the social agents on the roadmap that will allow the different projects for modernising commerce to be implemented over the next two years.
This Tuesday, the Trade Sector Conference approved the distribution of NextGenerationUE funds for direct aid to specific SMEs in the sector corresponding to the “Trade Modernisation Programme: Technological Fund”, allocating the Balearic Islands a total amount of 1.4 million euros for 2022 and 2023 financial years.

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The figure corresponds to a distribution rate of 2.88%, which is a considerable increase compared to previous calls which, to date, had allocated 1.25% of the total Next Generation funds for commerce to the Balearic Islands.

This is because the Government and the autonomous communities have agreed on a new distribution criterion that allocates almost half a point more than the population criterion of 2.5%, thus meeting the demand that the Government had made to the Ministry through the Vice-Presidency and Ministry of Energy Transition, Productive Sectors and Democratic Memory, after the results of the 2021 call.

“We told Minister Reyes Maroto at the time that we considered it clearly insufficient that in the distribution of funds as strategic as the Next Generation Balearic Islands was half of the population criterion that corresponds to it, which is 2.5%. After the efforts, we have made, in these new calls for proposals we now have a fair 2.88%, which puts us above the average”, emphasised Vice-President Yllanes.

The credit line, framed in the Recovery, Transformation and Resilience Plan, will help to incorporate new technologies that allow SMEs in local commerce, individually or through sector associations, to respond to new consumer habits and have an impact on the digital transformation and sustainability of the establishment itself and its business model.

With this new call for proposals, which, unlike previous ones, directly benefits small and medium-sized enterprises and which also allows up to 100% of the cost of the projects to be financed, almost six million euros in aid to SMEs in the commercial sector have been mobilised by the Vice-Presidency and Regional Ministry for Energy Transition, Productive Sectors and Democratic Memory, through the Directorate-General for Trade.

The Vice-Presidency and Regional Ministry for Energy Transition, Productive Sectors and Democratic Memory, through the Directorate General for Trade, has already begun working with the social partners on the roadmap that will allow the different projects for modernising trade to be implemented over the next two years.