Dexter Finance

Ticket · 1.000.000€ — 150.000.000€

Ver todos los productos
Header image for Subsidized lending

Product · Collateral

Subsidized lending

We channel access to European recovery funds, ICO lines and public financing programmes — so the company strengthens its financial structure with optimised cost.

  • Next Generation EU funds
  • ICO lines
  • Regional and ERDF programmes
  • Technology
  • Agriculture and agri-food
  • Industrial sector
  • Renewable energy and ecological transition
  • Digitalisation and R&D

Talk to the team.

A confidential request. We respond with judgement.

§ 01

How it works

Subsidized loans are financing lines with public support — European funds, ICO lines, regional aid or sector-specific programmes — where part of the financial cost is covered by subsidy and the rest is channelled as credit on preferential conditions. We accompany the company from the eligibility diagnosis through to the effective formalisation of the loan.

Paso a paso · 04 tiempos

  1. Eligibility diagnosis: analysis of the project against active calls and programmes with sector and geographic fit.

  2. Application structuring: technical documentation, economic memorandum, investment plan and justification of programme-milestone compliance.

  3. Administrative processing: submission of the application, follow-up before the granting body and response to requests for information.

  4. Formalisation of the loan and support in subsequent justification — progress reports, compliance audits, certifications.

§ 02

Programmes we channel

We work with the main public financing lines available in Spain. The choice of programme depends on sector, company size and the type of investment to be financed.

  • Next Generation EU funds

    European recovery programme: grants and loans for the transformation of the productive fabric — digitalisation, green transition, industrial modernisation.

  • ICO lines

    Official credit from the Instituto de Crédito Oficial — ICO Companies and Entrepreneurs, ICO International, ICO Guarantee SGR — for investment, liquidity and foreign-trade operations.

  • Regional programmes

    Specific financing lines from each Spanish autonomous community — Andalusia, Catalonia, Madrid and the rest — with their own sectoral focus.

  • ERDF and European sectoral funds

    European Regional Development Fund and other multi-year European instruments focused on cohesion, innovation and regional development.

  • R&D programmes

    CDTI, Red.es, the Spanish State R&D Programme — specific calls for research, experimental development and technological innovation projects.

  • Kit Digital and Kit Consulting programmes

    Aid for the digitalisation of SMEs and the self-employed channelled by Red.es, with direct subsidy of the cost of accredited digital solutions.

§ 03

Sectors we work with

Public aid concentrates on strategic sectors defined by the EU and the Spanish Government. These are the recurring sectoral focuses of our portfolio.

  • Technology and digitalisation

    Software, digital platforms, cybersecurity, artificial intelligence, cloud infrastructure and digital transformation of business processes.

  • Renewable energy

    Solar and wind generation, green hydrogen, energy storage, industrial efficiency and ecological transition.

  • Industrial and manufacturing

    Modernisation of production capacity, automation, Industry 4.0, transition to circular economy and reindustrialisation projects.

  • Agri-food and rural

    Agricultural modernisation, food processing, efficient irrigation, agri-food biotechnology and rural development.

  • Healthcare and biotechnology

    Pharmaceutical and biomedical R&D projects, healthcare infrastructure, clinical and industrial biotechnology.

  • Tourism and sustainable mobility

    Modernisation of the tourism sector, transition to sustainable tourism, electric vehicles, charging infrastructure and intermodality.

§ 04

Frequently asked questions

  • How does a subsidized loan differ from a standard bank loan?

    A subsidized loan combines public financing with a bonus scheme: part may be a non-repayable grant, the rest is soft credit on conditions more favourable than market. The company must demonstrate compliance with the programme's milestones and, in many cases, justify the use of the capital to the granting body.

  • Does my company meet the requirements for these lines?

    Depends on the programme. Typical requirements look at company size (SME, mid-cap, large), sector, geographic location, project nature and prior regulatory compliance. We carry out an initial eligibility diagnosis — at no cost — before any processing.

  • How is the subsidy justified afterwards?

    Each programme has a justification calendar with specific milestones — invoices, technical reports, certifications, compliance audit. We accompany the company in subsequent justification; non-compliance with the milestones may imply partial or full return of the aid.

  • Do you combine these loans with private financing?

    Yes — this is the typical approach. The public side covers the bonusable amount; the remaining investment is complemented with private financing structured by Dexter when the project requires it. The dual line accelerates closure and improves the project's capital structure.

  • How long does formalisation take?

    Depends on the programme. Some calls resolve in 2-4 months (Kit Digital, standard ICO lines); other Next Generation or CDTI programmes may take 6-12 months depending on complexity. The initial diagnosis determines the realistic timeline of the specific programme.

  • Can you handle the full application for us?

    Yes. We cover end to end: identification of the programme, drafting of the technical and economic memorandum, submission, file follow-up and subsequent justification. The company provides the project information; the rest we handle.

Leer en profundidad
§ 01

Next Generation EU funds, in depth

Next Generation EU recovery funds are the largest public investment instrument in European history. Designed to drive the transformation of the productive fabric after the pandemic, they combine grants and soft loans on preferential conditions.

Spain receives approximately €140 billion, split between direct transfers and loans, with a multi-year deployment calendar. The focus is on six strategic axes: green transition, digital transformation, gender equality, social and territorial cohesion, healthcare and education. The main operational programmes include sectoral PERTE (Strategic Projects for Economic Recovery and Transformation), Red.es and CDTI calls, and the regional programmes of each autonomous community.

§ 02

How to choose the right programme

Each company, each project and each moment opens a different window. Three questions filter the choice. First: what type of investment do I need to finance? — industrial capex, R&D, digitalisation, internationalisation, working capital, energy transition. Second: what is my company's size and sector? — programmes have specific thresholds and exclusions by size and sector. Third: what is my project's calendar? — programmes have call windows, execution deadlines and justification calendars that must align with the project plan.

The optimal choice is rarely a single programme: many operations combine two or three complementary lines to cover different parts of the total investment. This is where an adviser with a transversal view of the public catalogue makes the difference.

§ 03

Dexter's approach to subsidized lending

Access to public funds is, on paper, open. In practice, it requires deep knowledge of the catalogue, technical-writing capacity for the memorandum, administrative discipline in processing and continuous support during justification. A company with an excellent project can lose the aid because of a poorly drafted application — the right programme must be requested the right way.

Our approach covers the full cycle: eligibility diagnosis, identification of the optimal programme (or combination of programmes), drafting of the memorandum, submission, grant follow-up and support in subsequent justification. When the operation requires it, we complement with structured private financing to cover the non-bonused part of the investment. The objective is not only to obtain the subsidy: it is to ensure that the project is executed and the aid correctly justified.

Hablar con Dexterito