AMP- ICAF makes available 200 million to the public and private sectors to finance strategic and employment projects

Diego emphasizes that the measure has a “capital importance” for the regional economy

The Cantabrian Institute of Finance (ICAF) will make available to the public and private sector 200 million euros in this year 2012 to finance, through loans or endorsements, projects that are part of strategic sectors for the development of the community autonomous or that involve job creation.

In the case of guarantees, a limit of 40 million euros is established for those destined for the public sector and 100 million euros for the private sector.

As for the credits, both those aimed at the public and foundational public sector and local entities, such as those destined to the private sector, will have a maximum limit of 30 million euros.

These guarantees or credits, which are granted under market conditions, can be ordered immediately and, for granting, companies must submit a plan of the initiative that will be financed.

The president of the regional executive, Ignacio Diego, who announced Friday the measure, approved yesterday by the Governing Council, in a press conference together with the Minister of Economy and Finance, Cristina Mazas, stressed that it is an agreement of “very important” for the economy of Cantabria, which opens “new ways” to establish new business opportunities.

To do this, it puts financial resources at the disposal of emerging sectors, and of others that suffer from a certain level of decline, but that are considered of interest for the Autonomous Community, and that respond to demands that have been raised by companies and social agents, with whom we have worked together in this initiative, the president explained.

Specifically, the Government has established fourteen strategic activities to finance that are framed in the areas of biotechnology, medicine, advanced hospitalization, renewable energies, telecommunications services unrelated to mobile telephony and Internet, waste recycling, production of automotive auxiliaries and aeronautics, electronics and electromechanics, products and services of the chemical and pharmaceutical sector, food processing, logistics, innovation in tourism, computer and content development. All of them, with the common and transversal axis of internationalization.

Diego stressed that this measure, of “capital importance”, is part of a “priority objective” of the Government, which is to promote the change of economic model in the region to make it “more productive” and “competitive”, supporting the companies in their consolidation and for the future in sectors where there are possibilities for sustainable growth and “without any risk of feeding bubbles,” he said.

In this way, the ICAF wants to become the “lever effect” needed by the economy of Cantabria, the president added, recalling that the Government has been working on a series of axes focused on the “reactivation” of the primary sector, the “selective” promotion of tourism, industry, the search for innovation in companies, education and health, with the common axis of internationalization.

The activities to which the 200 million available to the ICAF in this year as “cap of indebtedness” will be destined are “ramifications” of the six “preferred” axes for the development of the region that the Government will present, but also they will be able to finance others or of other sectors not included in them, and that they are considered of “intensive creation of jobs”, has underlined Diego, who has reiterated that it is a “very important step forward”.

To this is added, stressed, that the Government will “try to convince” the European Investment Bank (EIB) that the 58 million euros that were committed to the project United World Schools can now turn to initiatives that result in the qualification of Cantabrian young people, amount that would be added to those 200 million.

For his part, Mazas has referred to the “restrictions” of credit with which many companies are now, and stressed that this measure is “a very good tool” to provide the financing they need.

“no competition” between government and town hall

In his speech, the regional president also highlighted the support of the Government of Cantabria to the Economic Stimulus and Employment Plan presented yesterday by the mayor of Santander, and noted that it is a framework designed in a “joint and coordinated” by the City Council and the Government, which is “coparticipant” in all its axes.

He warned that “no one wants to see any kind of competition” between both administrations (both in the hands of the PP), but “the opposite”, and noted that if the City Council has presented the plan before the government this agreement on ICAF is because it is a “minor entity”, and the Executive, as a “major entity” that is “will embrace” many of its initiatives, giving them economic support.

“Whoever wants to see” that there are parallel paths, not tangent and differentiated, “are wrong,” reiterated Diego, who stressed that the initiatives of the Government and the City Council are part of a PP project, and “any shadow of incoordination” that it intends to transfer will have “political motivations”, but has “no foundation”.

And, as he said, the mayor of Santander, IƱigo de la Serna, and the regional government, “go hand in hand” and have as their common goal the “good of Cantabria” and its capital.