The term for granting recapitalisation aid under the State Aid Temporary Framework has ended.
The Recapitalisation Fund for Companies Affected by COVID-19 (FONREC) is an investment fund, endowed with 1,000 million euros, to support the solvency of medium enterprises in difficulty in order to avoid job losses and production cuts both nationwide and regionally.
As the Fund Manager, COFIDES shall contribute to ease the encumbrances faced by this type of companies to access market financing.
