The incorporation of companies in Spain has grown significantly in recent years. According to data published by the National Institute of Statistics (INE),in 2021 They created a total of 101,134 companies in Spain. The regions with the highest business creation were Madrid (23,691), Catalonia (19,186) and Andalusia (17,496).
Starting a business is a challenge, especially if you lack financial resources. Luckily, there is help to facilitate this process for entrepreneurs.
At the Intercontinental Business University we believe in the power of entrepreneurship to change society. Therefore, in this article we will explain what you need to know about aid to start a business in 2023. If you want more detailed information, keep reading.
What are the types of aid to start a business in 2023?
In the world of entrepreneurship, having the right support can make the difference between success and stagnation. If you are considering starting your own business, it is essential that you know the different types of aid available during 2023.
Public subsidies to promote self-employment
The main objective of aid to create a business is to promote self-employment and provide support to entrepreneurs on their path to business success.
This type of aid considers 4 main areas:
- Training: the aid partially finances business management and management courses and new technologies. These cover up to 75% of the cost, with 2,400 euros being the maximum amount.
- Financing: a reduction of up to 4 points in the interest rate established by the financial institution is offered, with a maximum of 9,000 euros.
- Technical assistance: consists of the partial financing of the outsourcing of services to improve the development of business activity. It covers up to 75% of the cost, with a maximum of 2,000 euros.
- Adaptation of the workplace: aid intended for people with a degree of disability equal to or greater than 33% which finances the provision of protective means to avoid occupational risks and the elimination of architectural barriers or obstacles that prevent or hinder their work. The amount of the aid is 1,800 euros.
Capitalization of unemployment
The capitalization of unemployment is a measure implemented launched by the Ministry of Labor and Social Economy that seeks to promote and facilitate self-employment. The people who can access this help are those who receive contributory level unemployment benefits.
They can request it:
- People who seek to become stable partners in already established companies or want to establish them.
- People who want to develop their activity as self-employed workers.
- They allocate the amount to make a contribution to the share capital of a recently created commercial entity.
Flat rate for new freelancers
The self-employed will have benefits from the new contribution system for self-employed workers, where they will find the flat rate for self-employed people. To request this rate it will be essential to register as self-employed for the first time or not have been registered in the last two years. As well as not being a self-employed collaborator. This rate sets the price of €80 for the first 12 months.
Financial aid
Enisa Program
When starting a business, there are different types of aid offered by the Ministry of Industry, Commerce and Tourism. This program is made up of different lines of financing, depending on the activity of the company or characteristics of the person requesting them. The aid isbetween €25,000 and €75,000
- Young Entrepreneurs
- Entrepreneurs
- Growth
- Digital Entrepreneurs
- AgroImpulso
- Audiovisuals and Cultural and Creative Industries
ICO Credits
The Official Credit Institute offers up to 12.5 million euros to support self-employed workers and entrepreneurs in your investment projects, business activities and liquidity needs. In addition, it provides financial support for digitalization projects and teleworking solutions.
PAEM Program
The PAEM Program, launched by the Ministry of Equality, offers aid of up to €25,000 to women who want to create their own company.
Autonomous aid
The management of aid aimed at entrepreneurship and the creation of innovative companies falls on the autonomous communities. These subsidies usually represent between 15 and 40% of the total investment.
Aid from the European Union (EU)
The main aid for entrepreneurs in the EU are the following:
- Erasmus Young Entrepreneurs Program: this program allows you to acquire the necessary skills to create a company, thanks to the support of an expert entrepreneur from another EU country.
- Eureka Program: The objective of the Eureka Program is to promote competitiveness between industrial companies and promote access to new markets.
- Horizon Europe: the program subsidizes feasibility studies that contain business plans for innovative products or services.
Do you want to start your own business? Study a degree in Business Management and Administration at the UIE
The Degree in Business Management and Administration (BMA) offers you the opportunity to discover the secrets of business management and direction.
In our BMA program, you will find an opportunity to turn the company into your path to the future. If you are a curious person, passionate about learning and eager to undertake, our degree is specially designed for you.
Why study the BMA degree at the UIE?
Studying the BMA degree at the UIE is a promising choice for the following reasons:
- You will learn how to start your own business.
During the BMA degree you will learn key concepts about entrepreneurship, from strategic planning to financial management. Likewise, you will learn how to identify market opportunities, develop solid business plans and make the right decisions for business success.
UIE’s expert teachers and hands-on approach will guide you through the process of turning your business idea into a reality. You will also have the opportunity to participate in workshops, visits to companies, meetings with businessmen and managers, etc.
- You will develop an international profile.
With our degree in Business Management and Administration you will develop your international profile. During the sixth semester, your classes will be taught in English. The teachers will accompany you in a progressive training process in this language.
Now that you know the aid to start a business in 2023, don’t wait any longer to get started. If you are interested in entering the business world, we invite you to explore our training offer in grados and official Master’s degrees and our university model. UIE’s academic approach is designed to strengthen your employability and improve your business skills 100%.
