DYE COMPANIES TO BENEFIT FROM SPANISH RECESSION FUNDING
April 1st, 2009
BY KEITH NUTHALL
THE SPANISH textile and clothing dying sector will benefit from a Euro 800 million subsidy plan helping it and its customers withstand the recession. The European Commission has granted approval for the scheme as the European Union's (EU) gatekeeper for national subsidies under the EU's state aid regime, which has been significantly liberalised since the onset of the recession. This programme will finance technical research, reindustrialisation, innovation, export assistance and training for the textile, clothing and related sectors in Spain. It ...
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