What do we look for in a project?

Its contribution to corporate development in Asturias.
A personal and economic commitment from the promoter team.
Corporate capacity from the promoters or the support of a professional management team that is both responsible and committed to the corporate activity.
The technical, commercial and financial viability of the project.
A solid and trustworthy business plan.
Real-estate and financial sectors excluded.

We currently work in line with four priority strains of investment

1
Projects of particular interest for the region are those considered to contain some aspects that set them apart from already existing and established projects, in terms of sector, location, employment, volume of investment, product, service, process, etc.

2
Projects undertaken by innovative, technology-based companies, i.e. those that implement corporate projects that are the result of scientific research and technological development.

3
Other types of innovative projects, i.e. those that have an important innovative component with regards to the region’s current business fabric.

4
Internationalisation projects.

How can SRP help me?

On the one hand, SRP offers financial assistance via minority and temporary shareholding in the share capital of companies, or by conceding loans, preferably subordinated loans.

On the other hand, it offers support and guidance, a fundamental aspect in the first stages of the project. In this sense, SRP has over 35 years of operational experience, and is backed by its participation in 350 projects.

The promoter or entrepreneur will obtain:

An agile and immediately effective method of alternative funding to develop the corporate project.
An active partner that will get involved in the implementation of the company without interfering in everyday management.
Easy access to other external sources of funding, since it is a provision of permanent funding resources that strengthen the corporate structure over the long-term.
A contribution to the consolidation of the newly created corporate project.

Loans

The most outstanding features of the subordinated loans are:

As well as the fixed interest rate, a variable interest rate is established linked to the evolution of the company activity.
No commission on the opening, study, early redemption, etc.
Enforceability is subordinated to any other credit or responsibility of the borrower, coming after common creditors in the order of credit precedence.
They are considered as accounting equity for the purpose of capital reduction and winding up of companies under the commercial law.

When the loan is formalised, which will be overseen by a public notary, as a minimum the following aspects shall be undertaken:

Annual audits to ensure the transparency and quality of the internal data.
The periodical supply of information regarding the company activity.

Share Capital

The main characteristics that define participation in the share capital are:

Minority: The SRP does not contribute more capital than the company owner in the development of its corporate project, and always under 50%.

Temporary: The length of time the SRP will be a company shareholder, is generally between 5 and 7 years, which is considered to be enough for the investment project to have consolidated its implementation stage.

When the aspects relating to its withdrawal are established, the SRP and the promoters sign a purchase and sale commitment for the equity, establishing at this point the date of withdrawal, the price fixing form and the payment method.

Furthermore, when the participation is formalised, the following aspects, among others, are collected in the articles of association of the affiliate companies:

The shares of the SRP shall be preferential rate.
A minimum representation of the SRP in the Administrative Board.
The establishment of enhanced majorities for specific decisions that affect the company viability.
The undertaking of annual audits to ensure the transparency and quality of internal data.
The periodical supply of information regarding company activity.

Phases

1
First contact The SRP shall examine whether the project complies with the basic required conditions. If it fits within the investment strategy of the company, the company should present a five-year business plan (link to download the Business Plan).

2
Investment analysis The SRP shall designate an investment analyst who will analyse the viability of the investment.

3
Proposal to the Board Once this examination process is completed, the investment analyst shall develop a proposal to present to the SRP Administrative Board, which will be the entity that approves or rejects the participation of the company in the project.

4
Formalization If the administrative board approves the investment, it is formalised and the SRP names, if applicable, representatives in the administrative board of the invested company.

Enquiries

If you have a project and need help in its implementation, or you want to expand your company and think that we can help you, fill out this form and we will get in touch with you:

Name*

Surname*

Company

Email*

Phone

Enquiry

En cumplimiento de lo establecido en el artículo 13 del Reglamento 2016/679, de 27 de abril, relativo a la protección de las personas físicas en lo que respecta al tratamiento de datos personales y a la libre circulación de estos datos y del artículo 11 de la Ley Orgánica 3/2018, de 5 de diciembre, de Protección de Datos de Carácter Personal y Garantía de los Derechos Digitales le informamos de los siguientes extremos:

Responsable. Sociedad Regional de Promoción del Principado de Asturias, S.A. Dirección: Parque Tecnológico de Asturias, C/Ablanal, parcela 53, 33428 – Llanera (Principado de Asturias). Teléfono: 985-980-096. srp@srp.es.
Finalidad del tratamiento y plazo de conservación. La gestión inicial para el estudio de los proyectos de participación de la sociedad en las empresas con el objeto de determinar si se reúnen las condiciones necesarias para obtener la financiación de la Sociedad Regional de Promoción del Principado de Asturias, S.A. Gestión de los datos de contacto y representantes legales en dichas empresas o sociedades. Envío del Boletín electrónico. Invitación a todo tipo de actos organizados por el Responsable del tratamiento la cual se podrá cursar incluso utilizando medios electrónicos.

Los datos se conservarán durante el tiempo necesario para cumplir con las finalidades para las que se recabaron y para determinar las posibles responsabilidades que para la SRP se pudieran derivar de dichas finalidades y del tratamiento de los mismos.
Legitimación y base legal para el tratamiento, consecuencia de no facilitar los datos y destinatarios. Reglamento 2016/679, artículo 6.1.a): el interesado dio su consentimiento para el tratamiento de sus datos personales para uno o varios fines específicos; artículo 6.1.e): el tratamiento es necesario para el cumplimiento de una misión realizada en interés público o en el ejercicio de poderes públicos conferidos al Responsable del tratamiento y artículo 6.1.f): el tratamiento es necesario para la satisfacción de intereses legítimos perseguidos por el Responsable del tratamiento.

Todos los datos solicitados son necesarios para la tramitación de la solicitud formulada.

Sus datos se comunicarán a la Agencia de Ciencia, Competitividad Empresarial e Innovación Asturiana (SEKUENS), Centro Europeo de Empresas e Innovación del Principado de Asturias (CEEI), Sociedad de Promoción Exterior Principado de Asturias, S.A. (ASTUREX) y Sociedad de Garantía Recíproca de Asturias, S.G.R. (ASTURGAR), Notarías.
Derechos. Cualquier persona tiene derecho a obtener confirmación sobre si sus datos son tratados por Sociedad Regional de Promoción del Principado de Asturias, S.A. Las personas interesadas tienen derecho a acceder a sus datos personales, así como a solicitar la rectificación de los datos inexactos o, en su caso, solicitar su supresión cuando, entre otros motivos, los datos ya no sean necesarios para los fines que fueron recogidos. Así mismo le asisten los derechos de limitación del tratamiento y portabilidad de sus datos. Podrá ejercer sus derechos dirigiéndose a la Sociedad Regional de Promoción del Principado de Asturias, S.A. bien por correo postal acompañando fotocopia de su DNI a la dirección indicada o bien por correo electrónico firmado con certificado digital a la dirección srp@srp.es. Si usted considerara que sus derechos no se han respetado podrá dirigirse a la Agencia Española de Protección de Datos, www.aepd.es y Calle Jorge Juan, 6, 28001 - Madrid, como Autoridad Independiente de Control en materia de protección de datos de carácter personal.