Boost the productivity of your company and reduce costs! Discover the new aid to reduce working hours

Boost the productivity of your company and reduce costs! Discover the new aid to reduce working hours

The Ministry of Industry, Commerce and Tourism has published a call for aid aimed at promoting the improvement of productivity in small and medium-sized industrial companies through pilot projects to reduce working hours.

You want to know more? Keep reading.

This aid is intended for companies that will be considered small and medium-sized companies, with their own legal personality legally constituted in Spain and duly registered in the corresponding registry, that are not part of the public sector and that carry out an industrial activity.

Reducing the working day is one of the main objectives of this aid.

The minimum percentage of the workforce affected varies according to the size of the company or workplace.

For companies or workplaces with up to 20 workers, it is required that at least 30% of the workers are affected by the reduction in working hours.

For companies or workplaces with between 21 and 249 workers, the minimum percentage is 25%.

Eligible expenses include the salary costs of the personnel affected by the reduction in working hours, the costs of hiring training services related to the optimization of the working time of the workers affected by the implementation of the pilot project, the costs of hiring of external advisory services for the design or redesign of processes and the expense derived from the report made by an auditor.

The amount of the aid varies according to the number of workers affected and the eligible expenses.

For companies of up to 10 people, the aid covers 90% of the cost of personnel supported by the company as a result of the reduction in working hours in the first year. For companies of between 11 and 52 people, the aid percentage is 80%, and for companies of between 53 and 249 people, the aid covers 75% of personnel costs. For training costs, the aid covers up to 100% of the duly justified expense. For costs of external collaborations and internal personnel, the aid covers up to 80% of the duly justified expense. For auditor report expenses, the aid covers up to 100% of the duly justified expense.

It is important to take into account that the applications and the rest of the communications and other required documentation related to the pilot projects will be sent electronically through the electronic registry accessible from the electronic headquarters of the EOI Foundation, FSP.

The deadline for submitting applications is one month from April 13, 2023.

If you are interested in applying for a subsidy to reduce the working hours of your company, be sure to review the regulatory bases of the subsidy and submit your application within the established period.

Remember that there are many grants available to businesses, and it’s important to review the requirements for each one before applying.