Volkswagen will study the 397 million PERTE to execute the maximum possible projects

The Government grants Volkswagen 397 million in aid from the PERTE of the electric vehicle, more than double what was previously grantedThe automobile group will study solutions when carrying out “the greatest possible number of projects”The ‘Future: Fast Forward’ project plans to mobilize 10,000 million euros in Spain The companies will analyze the effects of this resolution “in all projects with the purpose of finding the appropriate solutions to be able to execute the maximum possible volume of the planned investment projects,” they explained from the company. These sources indicated that the ‘Future: Fast Forward’ project plans to mobilize 10,000 million euros in Spain, which will mean the “largest industrial investment in history” in Spain, including the 3,000 million euros linked to the Sagunto gigafactory.” Seat, the Volkswagen group and the 60 companies that are part of ‘Future: Fast Forward’ are committed to the electrification of the Spanish industry that of the automobile and we want to mobilize 10,000 million euros”, they explained. The group receives 45% of the funds The initiative of the Volkswagen group and led by Seat, is the one that will receive the largest amount of aid, with 367.37 million, compared to the initial allocation of 167.3 million, which represents 45% of the funds distributed by the Executive (877 million). The Government published this Tuesday the definitive list of aid linked to the Perte VEC, which contemplates the distribution of 877, 2 million euros, out of a total budget of 2,975 million euros. Provisionally, some 600 million euros had been awarded, accounting for 20% of the budget, so that with the new distribution of aid the figure already represents almost 30 % of the funds contemplated in the Perte VEC, which, by not exhausting this amount, will have a new call from the first quarter of next year. This increase in subsidies for the ‘Future: Fast Forward’ project is produced by a few days after the automobile consortium warned that they would analyze the awarded funds to verify the viability of their projects in Spain and that they asked the Executive to speed up the publication of the final resolution.