The Official Gazette of Castilla-La Mancha (DOCM) published on Friday an Order of the Ministry of Employment and Economy, which regulates and calls the line of financing from the State’s Financial Fund for the Modernization of Tourism Infrastructure ( Fomit) for the year 2014 in the territorial area of Castilla-La Mancha, which includes loans that may reach an amount of 100 percent of the bankable net investment, with a maximum limit of six million euros and a minimum of 300,000 euros per beneficiary and year.
This is included in the Order published by the Official Gazette of Castilla-La Mancha and includes Europa Press, which regulates this line of financing, which is included in the ‘Spanish Horizon 2020 Tourism Plan’ and in the ‘National and Comprehensive Plan of Tourism 2012-2015 ‘, as well as in the set of initiatives to achieve its implementation that are made from the tourist administration of Castilla-La Mancha.
Another novelty that contemplates this call is that the tourist companies of Castilla-La Mancha that develop performances in mature tourist destinations will be able to access the line of financing with charge to the Fomit for the year 2014.
Mature tourist destinations are considered those that are characterized by the existence of an offer and some tourist resources determined by an urban and environmental overload, an overexploitation of resources, an obsolescence of tourist facilities, a scarce investment of the private tourism sector, and a tourism supply and demand stabilized or decreasing.
The renovation and modernization plans of the mature tourist destinations developed in parallel by local administrations and by private tourism companies will be financially supported under the Fomit.
Public investment projects developed by a local entity in its territorial scope will be eligible provided that, in this area, there are investments from the private tourism sector that are developed in parallel with public ones and whose net amount represents at least thirty percent of the amount that it is intended to finance.
It will be understood that private investments are developed in parallel with public investments when they are framed in the context of prior public planning or there is a clear identity of proposals and purposes aimed at the modernization of the mature destination.
Only investments from the private tourism sector, which started from the year prior to the submission of the application (January 1, 2013) and whose execution has not been completed, will be computable.
The expansion, repair, renovation, replacement or remodeling of equipment and investments aimed at recovering the environmental and scenic quality of the destinations and reducing the urban density of the tourist areas or facilitating the modernization of tourist destinations will be eligible for Fomit.
The local entities, as well as the local autonomous bodies, the local public business entities and the local mercantile companies, may be beneficiaries of the loans granted by Fomit.
Private tourist companies that develop their main activity in mature tourist destinations in the territory of Castilla-La Mancha, which have fiscal domicile in the region and which are registered in the General Registry of companies and tourist establishments will also benefit.
Loans that benefit private tourism companies may reach an amount of up to one million euros, provided that the amount of the loan to be granted does not exceed the amount of the company’s net worth at the time of the application.
The financial conditions of the loans will be granted under the terms established under the State Financial Fund for the Modernization of Tourist Infrastructures for the period 2014-2015.
The deadline for submitting applications will begin on the day following the publication of this order and will end on October 31, 2014. The deadline for issuing and notifying the resolution to beneficiary entities ends on January 31, 2015, and communicate to the Secretary of State for Tourism, the competent body to agree on the disposition of the funds that comprise the Fomit.