Key data
| Regulation | Resolution of 16 July 2026, from the State Secretariat for Industry — Reinicia+ FEPYME DANA PLUS Mechanism |
|---|---|
| BOE Publication | 21 July 2026 |
| Entry into force | 14 July 2026 (Council of Ministers Agreement) |
| Affected parties | SMEs affected by DANA in October-November 2024 or with climate resilience projects |
| Category | Grants and Subsidies |
| Total allocation | Up to €300 million |
| Loan amount | From €25,000 to €1,500,000 |
| Maximum term | 7 years (with up to 2 years grace period) |
| Interest rate | Variable in two tranches: referenced to 1-year Euribor + tranche linked to profitability |
| Managing body | ENISA (applications by order of receipt on its website) |
| Mechanism validity | Until 31 December 2032 |
| Official source | BOE-A-2026-15924 |
SMEs affected by DANA in October-November 2024 have access to a specific financing mechanism endowed with up to €300 million. The Council of Ministers approved on 14 July 2026 the conditions of the Reinicia+ FEPYME DANA PLUS Mechanism, published in the BOE on 21 July 2026 through a Resolution from the State Secretariat for Industry (BOE-A-2026-15924).
The instrument used is the participating loan, a figure that combines characteristics of debt and equity: the interest rate has a variable component linked to the company's profitability, making it more flexible than a conventional bank loan during recovery periods.
What does this regulation establish?
The resolution sets the specific conditions for participating loans granted under the Reinicia+ FEPYME DANA PLUS Mechanism. The key aspects are:
| Condition | Detail |
|---|---|
| Type of instrument | Participating loan |
| Minimum amount | €25,000 |
| Maximum amount | €1,500,000 |
| Maximum term | 7 years |
| Maximum grace period | 2 years |
| Interest rate — Tranche 1 | Variable, referenced to 1-year Euribor |
| Interest rate — Tranche 2 | Variable, linked to company profitability |
| Managing body | ENISA |
| Application procedure | By order of receipt on ENISA's website |
| Mechanism validity | Until 31 December 2032 |
The two-tranche interest rate is the defining characteristic of the participating loan: the first tranche follows 1-year Euribor (market reference), while the second tranche adjusts according to the company's actual profitability. This means that in years of lower profit, the effective financial cost may be lower than that of an ordinary loan.
Economic and operational impact
For an SME in recovery phase after DANA, this mechanism offers three concrete economic advantages:
- Immediate liquidity: access to between €25,000 and €1,500,000 to rebuild assets, reactivate production or cover working capital.
- Relief in the first years: grace period of up to 2 years allows not repaying capital during the most critical recovery period.
- Financial cost adapted to results: the interest tranche linked to profitability reduces the burden in periods with low profits or losses, unlike a bank loan with fixed rate.
With a total allocation of €300 million and a maximum amount of €1,500,000 per operation, the mechanism can theoretically finance up to 200 operations at the maximum amount, although in practice the number will be higher when combining loans of different sizes. The order of receipt at ENISA is decisive: whoever applies first, accesses the fund first.
Who does it affect?
The following types of SMEs can access the Reinicia+ FEPYME DANA PLUS Mechanism:
- SMEs located in areas declared affected by DANA in October-November 2024.
- SMEs of recent creation created in response to the emergency or within the reconstruction framework.
- SMEs with suppliers located in areas affected by DANA.
- SMEs with climate resilience projects against civil protection emergencies.
The mechanism is aimed exclusively at SMEs (small and medium-sized enterprises according to the community definition). Large companies are outside the scope of application.
Practical example
An automotive components manufacturing company headquartered in a locality affected by DANA suffered partial destruction of its industrial warehouse and machinery. With the Reinicia+ FEPYME DANA PLUS Mechanism, it could apply for a participating loan of, for example, €800,000 with the following conditions:
- Term: 7 years, with 2 years grace period on capital.
- Interest Tranche 1: referenced to 1-year Euribor (variable according to market).
- Interest Tranche 2: linked to company profitability — if in the first periods profit is low due to reconstruction, this tranche is reduced proportionally.
- Practical effect: during the first 2 years it only pays interest, without amortizing capital, which frees up cash to reinvest in operational recovery.
The application is submitted directly on ENISA's website by order of receipt. Since the fund is limited (€300 million in total), submitting the application as soon as possible is key to ensuring access.
What should companies do now?
- Verify if you meet the access criteria: check if your company is in an area affected by DANA, has suppliers in those areas or develops climate resilience projects.
- Calculate the amount you need: the range is from €25,000 to €1,500,000. Prepare a financial needs plan that justifies the requested amount.
- Prepare the documentation: gather the company's economic-financial information (accounts, business plan, proof of DANA impact) before accessing ENISA's website.
- Submit the application at ENISA as soon as possible: the mechanism works by order of receipt. The fund is limited (€300 million) and validity extends until 2032, but funds may run out sooner.
- Analyze the participating loan conditions with your financial advisor: the two-tranche interest rate (Euribor + profitability) has specific accounting and tax implications compared to an ordinary loan.
Frequently asked questions
How much money can I request with the Reinicia+ FEPYME DANA PLUS Mechanism?
The minimum amount is €25,000 and the maximum is €1,500,000 per participating loan. The total allocation of the mechanism is up to €300 million, distributed among all approved applications by order of receipt at ENISA.
How does the interest rate of the DANA participating loan work?
The interest rate is variable and is structured in two tranches: the first is referenced to 1-year Euribor (market rate), and the second is linked to company profitability. This means that in years with lower profit, the effective financial cost may be lower than that of a conventional bank loan.
What is the repayment term and is there a grace period?
The maximum repayment term is 7 years, with the possibility of requesting up to 2 years grace period on capital. During the grace period, the company only pays interest, without amortizing the principal of the loan.
Where and how do I apply for ENISA's DANA loan?
Applications are submitted directly on ENISA's website, by order of receipt (first come, first served). The mechanism will be valid until 31 December 2032, but funds are limited (€300 million in total), so it is advisable not to delay the application.
Can my company access it if it is not in a DANA area but has affected suppliers?
Yes. The mechanism expressly contemplates access for SMEs with suppliers located in areas affected by DANA in October-November 2024, even if the company itself is not based in those areas. SMEs of recent creation and SMEs with climate resilience projects against civil protection emergencies can also access it.
Official source
View complete regulation in official source (BOE-A-2026-15924)
Disclaimer: This article is for informational purposes only and does not constitute legal advice. For specific decisions, consult a qualified professional. Source: https://www.boe.es/diario_boe/txt.php?id=BOE-A-2026-15924