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Spain Launches Comprehensive Plan to Support SMEs Hit by US Tariffs

The government’s Plan Icex de alto impacto en competitividad delivers personalized advisory, financial aid, and global market integration for exporters, prioritizing small and medium enterprises.

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Overview

  • The initiative provides intensive advisory services to the first 500 exporters, representing 77% of Spain's exports to the US, with a focus on SMEs.
  • ICEX Investing Spain will connect 100 foreign investors with Spanish SMEs to enhance their integration into global value chains.
  • Annual programs will support 200 mid-sized businesses, provide 700 SMEs with official ratings and asset management advice, and mentor 200 startups for improved financing access.
  • The Financial Advisory Service (AFIN) will be strengthened to proactively identify projects eligible for public internationalization funding.
  • Monthly observatory meetings, starting in Castilla-La Mancha, will monitor the tariff crisis, with an online portal for aid initiatives set to launch next week.