Economía.-More than fifty companies are informed about international financing through blending

 
 

The day was inaugurated by the Secretary General of Economy of the Ministry of Economy and Knowledge and President of Extenda, Gaspar Llanes; the president of Cofides, Salvador Marín; and the president of the Chamber of Commerce of Seville, Francisco Herrero. Through this informative session, the organizing entities have instructed the attending professionals about the different financial instruments they offer to support the internationalization of Andalusian companies.

Gaspar Llanes has highlighted in his speech the effort of Extenda in recent years to help Andalusian companies in the search and procurement of funding for their internationalization projects “with the creation of new programs such as Advice and Access to Finance, and the signing of agreements with public entities such as Cofides, which we are renewing today, and with numerous private financial entities. “

On the other hand, Salvador Marín said that “the agreement signed in 2015 has been positive and has contributed very effectively to encourage investment by Andalusian companies abroad, especially SMEs, on which we have focused our attention”.

In addition, he explained that “effective contacts and projects under study have tripled through the Extenda-Cofides agreement”. In line with this, he pointed out that since the signing of the collaboration agreement to date “we have studied 145 projects of Andalusian companies, mostly SMEs (63%) mainly in the sectors of services, engineering, construction material and textile industry and that generate employment both in the country of destination and in Spain. “

The president has stressed that Cofides has in its portfolio 15 projects of Andalusian companies, which involve an investment of about 85 million euros and add up to more than 30,200 jobs. He also pointed out that “we are convinced that soon we will be more projects that we support”, so he has encouraged companies to “raise their proposals to finance their projects and enhance their options abroad.”

Finally, the president of Cofides recalled that since the beginning of its activity, Cofides has approved 52 projects to companies based in Andalusia that entailed a total investment of more than 2,875 million euros.

Thus, it has presented the support services for financing and, especially, the program ‘Extenda Advice and Access to Financing for Internationalization’ launched in 2016; while on the part of Cofides, emphasis has been placed on the blending services offered by the company by virtue of its accreditation of the European Union.

In this sense, Cofides was accredited in 2016 as a delegated entity for the management of the European Union budget for development cooperation. This accreditation opens up new financing possibilities for companies through blending, a formula that allows combining non-reimbursable financing (subsidies) from the European Union with reimbursable financing (via loan- find direct lenders online, or capital) from Cofides.

In addition to attending expert presentations, interested companies have been able to conduct bilateral interviews with Extenda’s technicians, to expand details of current consulting programs, and with Cofides professionals to expose their investment or operations projects. international

EXTENDA AND COFIDES RENEW THEIR COLLABORATION

EXTENDA AND COFIDES RENEW THEIR COLLABORATION

Also, Extenda and Cofides have renewed this Thursday the collaboration agreement they signed in April 2015 to provide technical and financial support to Andalusian companies that intend to develop investment projects related to their internationalization.

With this renewal, signed by the CEO of Extenda, Vanessa Bernard, and the president of Cofides, Salvador Marín Hernández, in the presence of the Secretary General of Economy of the Ministry of Economy and Knowledge of the Junta de Andalucía and President of Extenda, Gaspar Llanes; the collaboration agreement between both entities has been extended until next April 2018.

Precisely, this renewal has been used to include in the first clause of the agreement a section in which the parties agree to highlight the financing opportunities that Cofides can offer thanks to its accreditation before the European Union, which allows it to have access to funds of delegated management, especially the facilities of Blending in its recent orientation to the role of the private sector.

The European Union, together with the Member States, is the world’s largest donor of development cooperation. One of the ways to execute this budget is through accredited entities, as is the case of Cofides since May 2016. This accreditation allows Cofides to co-finance projects with the EU through Blending.

Blending is a financing instrument of the European Union that is articulated through the combination of subsidies from the European Union with financing from accredited public and private financial entities (via loan or capital), as is the case of Cofides.

The beneficiaries of blending financing benefit from concessionary conditions thanks to the contribution of the Commission, which can be given in the form of cost reduction (donation for investment, technical assistance or interest-type subsidy) or through risk reduction (venture capital ‘first loss’ or guarantees).

SUPPORT FOR EXTENDA FINANCING

SUPPORT FOR EXTENDA FINANCING

Last year 2016, Extenda launched the program ‘Extenda-Asesoramiento y Acceso a Financiación para la Internacionalización’ with the aim of helping Andalusian companies in the search and achievement of financing for their internationalization projects. Companies interested in participating in this program can submit their applications until next Monday, April 10 inclusive.

For its development, Extenda offers companies a team of expert consultants in financing and development of international business that offer comprehensive and specialized advice throughout the process, bringing the most appropriate financial products closer and in preferential conditions of public entities, such as Cofides , and private.

In this way, the program includes an analysis of the state of the process of internationalization of the company and its economic-financial situation and personalized recommendations; a proposal of optimal financial structure for the execution of its planning; the definition of the fundable project in a justified and coherent manner; and the preparation of a list of financing providers that is appropriate to the financing needs and characteristics of your project.

In addition to the signing of the agreement with Cofides, to strengthen this advisory service and access to financing, Extenda has agreed on actions with five private financing entities such as Cajamar, Banco Sabadell, BBVA, Bankinter and Unicaja.

With these entities it has been agreed to technically and financially support the Andalusian firms by offering more advantageous conditions for accessing financial products and carrying out joint actions.

The 10 most extreme panoramic platforms in the world

 
 

Suspension bridge of the Grand Canyon of Arizona, United States

Suspension bridge of the Grand Canyon of Arizona, United States

The suspension bridge of the Grand Canyon of Arizona looks like a horseshoe. It is 1,219 meters high, extending 20 meters along the rim of the canyon. When standing on the bridge, one can feel a rush of adrenaline. The bridge is built with 10cm thick glass, which … See more
The suspension bridge of the Grand Canyon of Arizona looks like a horseshoe. It is 1,219 meters high, extending 20 meters along the rim of the canyon. When standing on the bridge, one can feel a rush of adrenaline. The bridge is built with glass 10cm thick, which can support a weight of 70 tons (equivalent to 14 African elephants), and the wind of 160 kilometers per hour.

You have received 291 points

 

Observation platform of Iguazu Falls, Brazil

The Iguazu Falls are one of the most famous tourist destinations in the world. This platform is so close to the falls that, once in it, one receives the freshness of the water of the falls. The deafening sound of falling waters prevents other sounds from being heard. It is very impressive … See more
The Iguazu Falls are one of the most famous tourist destinations in the world. This platform is so close to the falls that, once in it, one receives the freshness of the water of the falls. The deafening sound of falling waters prevents other sounds from being heard. It is very impressive to see the falls falling from a height of 80 meters from the platform.

You have received 274 points

 

Sky Tower of Auckland, New Zealand

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You have received 216 points

 

“Top of the Tyrol”, Austria

The “Top of Tirol”, at 3,000 meters above sea level, is situated above the Stubaital glaciers, in the Tyrol region, in Austria. In consideration of the bad climatic conditions, the materials of construction of steel resistant to atmospheric corrosion are used. Through this … See more
The “Top of Tirol”, at 3,000 meters above sea level, is situated above the Stubaital glaciers, in the Tyrol region, in Austria. In consideration of the bad climatic conditions, the materials of construction of steel resistant to atmospheric corrosion are used. Through this platform that extends 9 meters above the summit, tourists can contemplate the wonderful landscape of the Stubaital glaciers.

You have received 204 points

 

Sky Bridge, in Dachstein, Austria

The Dachstein Bridge, called the “balcony of the Alps”, is 2,700 meters above sea level and is built on the surface of vertical rock walls of 250 meters high in the form of a double X. When rising in the bridge, a 360 degree panorama is presented … See more
The Dachstein Bridge, called the “balcony of the Alps”, is 2,700 meters above sea level and is built on the surface of vertical rock walls of 250 meters high in the form of a double X. When rising in On the bridge, a 360-degree panorama is presented to tourists, including views of Slovenia in the south and the Czech Republic to the north.

He has received 179 points

 

Hanging observation platform in Switzerland

Crossing the passage through the steel and titanium structure, visitors can reach the hanging observation platform, where they can contemplate the landscape of Lake Maggiore. In addition to the natural landscapes, tourists can also get to know the local history and culture through … See more
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You have received 139 points

 

Observation platform of the Aurand Fjord, Norway

This platform is located on the Aurand Fjord, with a height of 610 meters above sea level. In the selection of the best tourist attractions in Norway, this platform achieved the first place. It has a V shape, and the curved part serves as a support for the entire structure. In the … See more
This platform is located on the Aurand Fjord, with a height of 610 meters above sea level. In the selection of the best tourist attractions in Norway, this platform achieved the first place. It has a V shape, and the curved part serves as a support for the entire structure. At the end of the horizontal part there is a large glass to ensure the safety of visitors.

You have received 132 points

 

Observation platform of Illawarra, Australia

It took five months to build the Illawarra observation platform in Australia, which was recently opened to the public. This platform is located on the precipice of Knights Hill, near the Robertson elevation, in the south of the country. The platform is surrounded by treetops … See more
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You have received 122 points