- The loans will allow for long-term working capital financing, with a grace period of up to four years — twice the usual duration — to strengthen the position of Galician exporters in the face of new trade barriers
- He pointed out that the aim is to offset the effects of the new tariff policy and make it easier for Galician companies to access alternative markets without losing competitiveness
- He stressed that the measure is part of a broader package of actions, including international advisory services, a technical office and new consultancy services to support market diversification
Santiago de Compostela, 16 June 2025
The President of the Xunta, Alfonso Rueda, today announced the activation of a credit line of up to €1 million per company, with a term of up to twelve years and a four-year grace period — “twice the usual duration” — to support Galician firms affected by United States tariffs.
The new scheme is part of Galicia’s business financing line, with a total budget of €50 million. It is designed to mitigate the impact of US tariff policy, reinforce the international presence of Galician companies and boost their competitiveness against new trade barriers.
The Galician Government estimates that the total volume of loans requested under this line could reach €10 million during the 2025 financial year, given the scale of commercial transactions with the US in 2024. The line is aimed at companies with the majority of their workplaces located in Galicia that can demonstrate a minimum volume of trade with the United States of €100,000 or more, or that record over 10% of their sales in that market.
The head of the Galician Executive noted that the launch of this financial instrument complements a broader set of initiatives promoted by the Xunta in the field of internationalisation. The Minister for Economy and Industry, Mª Jesús Lorenzana, explained that within the Reacciona programme, a new specialised consultancy service on market access will be launched to support companies in their diversification strategies.
In addition, a technical support office is already operational, under the Economic Office of Galicia and in collaboration with Igape’s Miami office, offering personalised assistance and continuous monitoring of the situation.
Lorenzana stated that since last April the Xunta has maintained an active dialogue with the economic sectors most exposed to the new tariff policy, through sectoral meetings covering industries from agri‑food to shipbuilding, biotechnology, logistics, metalworking and construction materials. This direct engagement with the Galician productive fabric is helping to identify companies’ real needs and adapt institutional responses to the challenges of the international context “at a time of uncertainty”.
The Minister stressed that “it is crucial to have a coordinated response from the outset”, and that with this new credit line and the other measures implemented, the Xunta de Galicia reaffirms its commitment to the Galician business sector and its internationalisation, with the aim of reaching new markets and continuing to grow and gain competitiveness.
The President recalled that the United States Government plans to apply a 50% increase on import duties for European Union countries as of 9 July.
