On 10 December, the Spanish government announced a bill aimed at curbing industrial relocations. Companies wishing to relocate their activities outside Spain after receiving more than €3 million in public subsidies over the previous five years will be required to repay them in full.
The anti-relocation measure is part of the Industry and Strategic Autonomy Bill ratified by the Council of Ministers on 10 December. The text, which will now be examined by parliament, stipulates that companies intending to cease their industrial activity in Spain will have to announce this nine months in advance to the country’s ministry of industry. A ‘reindustrialisation committee’ will then be set up on a case-by-case basis to study alternatives and convince the companies concerned to...
Do you have information to share with us?
Article authors
Cécile Thibaud
Freelance