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There is a wide range of support programmes to help
There is a wide range of support programmes to help entrepreneurs and investors establish their businesses and expand. They are available on a national, autonomous community and local level and they provide all-round support from the initial funding to specialized advice and on-going training.
On a state level, entrepreneurs can access programmes such as the one available in the Official Credit Institute (ICO), which has lines of credit with favourable conditions to fund business projects. The ENISA programme (National Innovation Company) also gives participation loans for innovative projects, so that companies can get funding without having to provide any additional guarantees.
On the autonomous community level, the Regional Government of the Valencian Community has general grants available to set up companies, hire staff and to organise specific training programmes for entrepreneurs. The Network of Technology Institutes of the Valencian Community (REDIT) plays a crucial role in backing business innovation, by providing resources and technical know-how to companies.
On a local level, the City Council of Elche has come up with ventures such as the Elche Emprende, a programme that provides free advice, training workshops, grants, awards for entrepreneurs, programmes coordinated with financial institutions to hold the funding, such as microcredit, as well as programmes that favour business digitization.
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