Overview
- The government announced a €300 million loan line managed through ENISA and the Ministry of Industry to finance small and medium enterprises working on climate emergency prevention, preparedness and response.
- Loan sizes will run from €25,000 to €1.5 million with no collateral required, up to seven years to repay and up to two years of capital grace, and interest rates will be linked to company performance.
- Prime Minister Pedro Sánchez made the announcement while visiting the La Mierla/Tamajón advanced command post and said wildfires have burned more than 100,000 hectares so far this year.
- Officials framed the package as a move to favor prevention over reaction by accelerating cleaner production, adapting industry and backing technologies that anticipate extreme events.
- The fund announcement accompanies renewed pushes for a State Pact that would create a national civil protection agency and establish permanent national and regional reconstruction funds to speed cleanup and rebuilding after fires.