The last Council of Ministers has given the green light to a fund of aid research, development and innovation.

Image result for Council of Minister spainThe last Council of Ministers held last Friday (12/18/2015) a package of aid for research, development and innovation (R + D + i) amounting to more than 750 million euros. “The majority is dedicated research agreements and equipment,” said the spokeswoman of the Executive, Soraya Sáenz de Santamaría, at the press conference after the Council of Ministers.

The first and most important of these agreements is the call for Research and Development (R & D) “Challenges-Collaboration”, included in the State Plan for Scientific and Technical Research, which will be endowed with 586 million euros (100 million will be direct subsidies and the rest loans at Euribor interest rates with ten years of amortization).

The purpose of the call is to increase collaboration between companies and research organizations “to promote the development of new technologies, the business application of new ideas and techniques, and contribute to the creation of new products and services”, a collaboration that is “essential to optimize science and innovation, “said the vice president.

In addition, the Government has approved the distribution of subsidies of the program for the activation of employment, for a total of 77 million euros, reported the vice president.

The Government has also commissioned a legal report to define what decisions it may take when, once the general elections have been held, it becomes operational. This interim situation will continue until the formation of the new Executive, something that on this occasion could be delayed more than in previous occasions taking into account the distribution of seats that predict the results of the elections.