Are you running a used device company in Spain and looking for additional funding? We have collected a list of options that will help you streamline your business while contributing to sustainable development. These are green grants and loans funded by the Spanish government, the European Union authorities, or non-governmental organizations. Additionally, we offer a straightforward guide on grant application processes.
We have previously shared articles on green funding in the UK and Ireland. Take a look and feel free to pass them along to colleagues interested in sustainable initiatives.
Green Grants in Spain
Businesses in Spain have a wide range of sustainable financing opportunities, including local, regional, national, and European initiatives. We have collected a list of green grants that can be implemented into workflows of used device businesses:
NextGenerationEU
The NextGenerationEU is a fund that helps the European economy in its recovery from the coronavirus pandemic. It supports multiple initiatives aimed at the green and digital development of Spanish companies.
Besides investing in big transportation and renewable energy projects, NextGenerationEU provides financial aid for small companies that use clean technologies and show commitment to the circular economy. However, as the organization works with businesses all over Europe, finding a program most suitable for your case might be challenging. The best and easiest option is to connect with your autonomous community and apply for the NextGenerationEU aid through it.
Digital Kit
This program is funded by the NextGenerationEU funds. Digital Kit supports SMEs in the implementation of digital solutions. Depending on the company size, you can get up to €12,000, which can be spent on various digital products and services.
The main goal of the Digital Kit program is to boost local businesses while providing a high level of cybersecurity. For used device businesses, this can be achieved by implementing a device-testing robot into the workflow. Thus, Reeva by NSYS Group provides complete elimination of human errors and secure data erasure in accordance with international standards and regulations such as ADISA, NIST, R2, and GDPR.
CDTI
With the help of the Centre for the Development of Industrial Technology (CDTI), your company can attract various finances, including both grants and loans. CDTI supports national and international research, development, and innovation (R&D&I) projects to elevate the technological level of Spanish companies.
The Centre is primarily focused on these five factors:
- Innovation
- Digitalization
- Decarbonization
- Sustainable management
- SMEs support
If your project involves implementing state-of-the-art technology, the CDTI programs can provide you with subsidies and expert advice on scaling your innovative business.
Green Loans and Bonds in Spain
Multiple national banks, such as CaixaBank, Banco Santander, and Unicaja, provide sustainable loans to support local businesses on their green journey. Contact your bank to explore the options they offer.
However, you can get a green loan or bond not only from your bank. Here is the list of several organizations that provide these opportunities for businesses in Spain:
ENISA
ENISA, or The European Union Agency for Cybersecurity, is an organization that supports projects with high innovation and data protection potential. Additionally, it supports green initiatives. The amount of an ENISA loan varies from €25,000 to €1,500,000, depending on the company's size, financial capital, and project characteristics.
ICO
The Instituto de Crédito Oficial (ICO) provides green bonds for businesses that contribute to environmental sustainability. ICO supports all kinds of green initiatives, including those focused on energy efficiency, fighting climate change, reduction of emissions, clean transport, and sustainable resource management.
EIB
The European Investment Bank is a reputable organization that has provided green bonds since 2007. Several programs are available, the most popular being Climate Awareness Bonds. However, used device businesses can apply for another category: Sustainability Awareness Bonds. This funding supports environmental and social sustainability and can be used for multiple green purposes.
How to apply for a grant?
Applying for a grant is usually time-consuming and requires lots of paperwork. To choose the businesses that will benefit from funding and use it correctly, the fund needs to check all the documentation carefully. Therefore, the application for a grant might take some time and knowledge. Now, we will give you some advice on how to make this process easier and more transparent for you.
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First of all, read the program description. Usually, funds have all the documents you might need published on their website or the website of the local authority. Make sure to go through all the documentation on their website and social media.
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Secondly, check that your company meets the requirements. If your business is just beginning its green journey, this might be more difficult than it sounds. However, if your project is ambitious and has a significant sustainability impact, don't hesitate to apply for initiatives with more strict requirements.
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Search for reviews of other people who have already received this funding. They usually share insights about their journey so that you might get useful information from them.
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During the first three steps, note the facts and ideas you will need to complete the application. Create a plan with all the steps you will follow and a deadline for each stage. This will help you better understand the process and keep all information in one place.
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Then, proceed to implement the plan. Fill in all the documents carefully. You need to state your intentions clearly to prove why your business should get the funding.
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If the application requires a proposal, write it thoughtfully and honestly. Don't use AI helpers, as it might be discovered and lower your chances of getting the funding.
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Double-check all the papers and apply for the funding! Don't forget to monitor the results.
For used device companies, the best option to go green while benefiting your business is to implement innovative solutions into your workflow. Try Reeva by NSYS Group, as this unique device-testing robot will increase your smartphone turnover, contributing to a circular economy!
One robo-line can process up to 70 devices in one hour! Moreover, Reeva securely wipes confidential data in accordance with international guidelines and regulations such as ADISA, NIST, R2, and GDPR. This provides a high level of cybersecurity, meeting all modern standards.
Get your green funding to implement Reeva into your used device business!
