Aid to replace vehicles, finance businesses and protect those hit by the DANADANA Depresión Aislada en Niveles Altos (isolated high-level low-pressure system): the weather event that caused torrential rain and flooding between October 28 and November 4, 2024. floods

Automatic summary, not yet reviewed

1. The PLAN REINICIA AUTO+ program is created, offering direct aid to buy a new or nearly new car, van or motorcycle to replace one wrecked by the DANA floods. There are two sections based on the vehicle's environmental label (Cero or Eco/C), and applications can be filed until June 30, 2025 or until funds run out.
2. To apply, you must own an insured vehicle wrecked in the floods and have filed a claim with your insurer or the Insurance Compensation Consortium. Individuals may get up to two grants and legal entities up to five, and buyers must keep the new vehicle registered in Spain for at least three years.
3. The purchase can only be made at dealerships accredited under the program, which file the application on the buyer's behalf and apply the aid as a discount on the invoice.
4. New funding lines are created for affected businesses and self-employed workers: the REINICIA+ FEPYME DANA mechanism (350 million euros, with a non-repayable portion), zero-interest FAIIP loans for industry (650 million) and a 200 million ICO-Turismo FOCIT line for the tourism sector.
5. Court deadlines suspended because of the DANA resume in the province of Valencia from December 2, 2024, deadlines to appeal rulings notified during the suspension are extended, and any public aid granted for DANA damage is declared exempt from seizure.
6. Companies in the affected areas get more time on corporate procedures: they may meet by videoconference until March 30, 2025, postpone preparing annual accounts, and are not required to file for insolvency until December 31, 2025.
7. Grants of 600 euros per student are approved to replace textbooks and school or university materials damaged by the DANA, with 15 million euros for non-university education and 2 million for university students.
8. A paid leave of up to four days is introduced for workers who cannot reach their workplace due to travel restrictions or recommendations from authorities or a serious and imminent risk, and personalized price increases are banned during emergencies.

Who it affects

• Individuals and businesses with vehicles wrecked by the DANA: They can apply for a grant to buy a replacement new or nearly new vehicle at accredited dealerships.
• SMEs, self-employed workers and industrial and tourism businesses in the affected areas: They get access to zero-interest loans and funding with a non-repayable portion to restart their activity.
• Affected students and families: They receive 600 euros per student to replace books and study materials.
• Workers: They have paid leave of up to four days when they cannot reach work because of disasters or official alerts.
• Companies and entities based in the affected municipalities: They get extended deadlines for annual accounts, meetings and insolvency filings, and their aid cannot be seized.

Words worth knowing

DANA

Depresión Aislada en Niveles Altos (isolated high-level low-pressure system): the weather event that caused torrential rain and flooding between October 28 and November 4, 2024.

Concesión directa

Direct grant award: aid is given to applicants who meet the requirements, in order of arrival, without competing against others.

Consorcio de Compensación de Seguros

A public body that compensates damage from extraordinary risks, such as floods, when ordinary insurance does not cover them.

Concurso de acreedores

A court procedure for a company or person unable to pay their debts, allowing debts to be restructured or assets liquidated.

Expediente de regulación temporal de empleo (ERTE)

A mechanism allowing a company to temporarily suspend contracts or reduce working hours, in this case due to force majeure.

It summarizes the law as published in the BOE. It is written by artificial intelligence and may contain mistakes: the official text is what counts. Read the official text · How we make summaries