22th to 24th of May 2018

The Government approves aid to naval sector until 2020

The Council of Ministers approved yesterday the update of the aid regulation for ship construction and R+D investment for the naval sector, that will be valid until 2020.

Specifically, they reinforce the financial support facilities for shipowners in the construction of ships of more than a hundred gross tonnes and increase the support for the shipyards’ R+D projects. The essential innovation is that this regulation now includes subsided fishing vessels and updates the documentation to be submitted for the justification.

(Source: Faro de Vigo)