The Solvency Support Fund for Strategic Companies (FASEE) has received a total of 110.3 million euros throughout the 2023 financial year, as a result of the early partial refund requested by the beneficiary companies Wamos, Meeting Point and Hotusa, in addition to the total cancellation of the aid received by Global Exchange, which now amounts to the early return of 433.4 million euros, reported the State Society of Industrial Participations (SEPI).

This amount from last year is added to the 323.11 million euros received in 2022, corresponding to the total early repayment of the √Āvoris company (320 million), in addition to the partial amortization of Meeting Point (3.09 million).

Specifically, the sum of all anticipated returns to date represents around 16% of the total amount financed by the Solvency Fund.

The public holding company, manager of the instrument approved by the Government in 2020 with the aim of providing temporary public support to reinforce the solvency of non-financial companies affected by the pandemic that were considered strategic for the national or regional productive fabric, indicated that this This fact “shows the usefulness of the temporary mechanism, which has allowed the maintenance of activity and employment in companies that suffered the consequences of the economic crisis caused by Covid-19.”

In December, the fund received partial early repayment from the Wamos tourism group, for a total amount of 8 million euros. Likewise, Meeting Point has contributed 5.3 million, also as early repayment. This beneficiary has already returned 3.09 million euros to FASEE in advance during the 2022 financial year.

During the last year, other companies that received temporary aid from the fund made early returns, among which the hotel company Hotusa stood out, 52 million, and Global Exchange, which returned the total of the 45 million lent.

Likewise, the Solvency Support Fund for Strategic Companies received the resignation of the Hotels Group

The 26 companies that currently have funding from FASEE have seen their workforce increase by 20% compared to the employment data registered at the time the aid was granted.