next-generation

Unicaja Banco launches a web simulator to assist companies and self-employed workers in the search and application process of Next Generation funds

This tool is supplemented by a program of specific actions developed by the bank’s specialized managers

08 FEB 2022

3 Min reading

Unicaja Banco launches a web simulator with which business owners and the self-employed will find all the information they need for their companies on the Next Generation EU funds, as well as assistance during the process of search and application for these grants, approved by the European Commission.

 

This tool is supplemented by a program of specific actions developed by the bank’s specialized managers and aimed at the potential beneficiaries, and which include webinars and guidance in the management of the grants.

 

The bank intends to facilitate the granting and channeling of these funds, approved by the European Commission to provide support to those business projects developed mainly in the fields of innovation, digitalization, industrialization and energy efficiency.

 

With the free-access European Grants Next simulator, users can check if they meet the requirements for the calls they are interested in, as well as the amount they are eligible for.

 

Additionally, among other advantages, Unicaja Banco customer will also enjoy a premium access, with which they will get exclusive information and expert recommendations, as well as alerts on those funds.

 

European Grants Next Simulator

 

Once registration in the European Grants Next Simulator is completed, users will be able to start the search for different funding options and calls, providing some details such as their company size and sector, to find those which best suit their profile.   

 

With those criteria, the tool will inform users of the success percentage in getting the grant and will guide them through the application process.

 

The inclusion of this new service in Unicaja Banco’s offering falls within the bank’s commitment to meet the needs of companies, especially SME and entrepreneurs, under its usual strategy of support, collaboration and funding, thus contributing to boost the growth of business activity in its main areas of action.

 

Next Generation Funds

 

The Next Generation EU Funds (NGEU) are a temporary recovery tool set by the European Comission to boost the economic recovery and transformation, accelerating the adaptation to decarbonization and digitalization.

 

This program combines structural reforms with public and private investment to help overcome the economic and health crisis caused by the COVID-19 pandemic. The NGEU is going to mobilize up to €750 billion during the period 2021-2026 and will fund the Member States through loan facilities and grants (€360 billion and €390 billion respectively).

 

Spain’s Recovery, Transformation and Resilience Plan is structured in 10 policies with an impact on activity and employment, responsible for boosting the economic recovery in the short term and supporting the transformation of the Spanish economy. The EU Recovery Fund has granted Spain €140 billion through direct or non-repayable grants and repayable loans.

 

In case that the user of the simulator requires an advisory service, this will be provided by  AFI ESCUELA DE FINANZAS SA. C/ Marqués de Villamejor, 5, 28006 Madrid, with CIF/NIF: A80921554, a company not belonging to the Unicaja Banco Group.

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