Baix Vinalopó SMEs receive 2.9 million euros in industrial subsidies

The Generalitat Valenciana has granted 2.9 million euros to 59 industrial SMEs in the Baix Vinalopó region through the Inpyme 2026 program. These subsidies aim to improve competitiveness, modernize processes, and strengthen productive capacity. The initiative is expected to mobilize a total induced investment of 10.4 million euros, support 2,043 existing jobs, and create 70 new positions.

The leather and footwear sector is the primary beneficiary, receiving 993,560 euros distributed among 28 companies. This specific allocation is projected to maintain 1,006 jobs and create 32 new ones. Other sectors receiving funds include textiles, metalworking, chemicals, and paper and graphic arts.

The grants are concentrated in the industrial hubs of Elche, Crevillent, and Santa Pola. Marián Cano, the Minister of Industry, Tourism, Innovation, and Commerce, stated that the goal is to support SMEs in their transformation processes to incorporate new technologies and meet the challenges of a competitive market.