The Government enables 50 million in guarantees for Ceuta's economy

The Council of Ministers has established the terms and conditions of the 50,000,000 euro guarantee line intended to support economic activity in the autonomous city of Ceuta, under Royal Decree-Law 22/2026, of September 1. The agreement, adopted at the meeting on September 15, 2026, is published in the Official State Gazette on Tuesday, September 22, through the Resolution of September 18, 2026, of the Secretary of State for Economy and Business Support (reference BOE-A-2026-19684). The line will be managed through the Official Credit Institute (ICO).

Royal Decree-Law 22/2026 created in its article 17 a guarantee line for a maximum amount of 50,000,000 euros for companies and self-employed workers who carry out their activity in Ceuta. The now-published agreement enables the line for the total authorized amount with the purpose of relaunching the Ceuta economy, “recently affected by the irregular entry of migrants on July 30 and 31, 2026,” as stated in the preamble of the agreement itself. The resolution bears the signature of the Secretary of State for Economy and Business Support, Israel Arroyo Martínez.

Two guarantee modalities

The line is structured into two modalities depending on the purpose of the financing:

• Liquidity and working capital modality: finances transitory needs such as payment of salaries, invoices, maturity of financial or tax obligations, with the aim of facilitating the maintenance of employment.
• Investment modality: covers loans, leasing, and renting intended for investments in Ceuta related to the maintenance, recovery, adaptation, or relaunching of economic activity.

The distribution of funds between modalities will be carried out in order of request by the financial entities, allocating uncommitted amounts according to demand.

Amounts, terms, and coverage

• Global amount of the line: 50,000,000 euros.
• Liquidity modality: maximum nominal value of 2,812,500 euros per loan and a term of up to five years, subject to the de minimis regime.
• Investment modality: maximum of 12,500,000 euros per company and a term of up to seven years, extendable to ten years for reconversion operations and investment in the agricultural sector.
• Coverage percentage: 80% of the principal for SME operations and 70% for large companies.
• The guarantees cover only the principal, excluding remunerative interest, late payment interest, commissions, and collection expenses.
• ICO guarantees will not be remunerated, given the force majeure circumstances under which the financing is granted.
• Management and administration commission: 0.05% flat on the volume of the guaranteed portfolio.

Beneficiaries, entities, and calendar

Companies and self-employed workers with a registered office and/or a workplace, commercial, industrial, or service establishment in Ceuta may benefit, a fact that shall be accredited by a certificate from the AEAT. Companies in the financial and insurance sectors are excluded. Credit institutions and financial credit establishments supervised by the Bank of Spain shall be eligible to grant the financing.

Entities may request the guarantee for contracts formalized from July 30 until December 15, 2026, and guarantees may be granted until December 31, 2026. The agreement mandates the ICO to arrange what is necessary for the effective implementation of the line within a period of thirty business days, without the need for subsequent regulatory developments. The guarantees are granted on an irrevocable, unconditional, and first-demand basis, with the State waiving the benefit of excussion, and losses shall be charged to the Provision Fund created by Royal Decree-Law 12/1995.

The regulation further requires that the guarantees comply in all cases with European Union regulations regarding State aid, and empowers the ICO to resolve practical incidents, submitting proposals with budgetary implications to the Government’s Delegated Commission for Economic Affairs.

The line arrives with the calendar already closed: companies and self-employed workers in Ceuta have slightly less than three months to formalize with their financial entity the operations they wish to avail themselves of the public guarantee, and entities have until December 31 to request coverage. The maximum amount per operation in the liquidity modality, 2,812,500 euros, and the limit of 12,500,000 euros per company for investment mark the real ceiling of the support available for the productive fabric of the autonomous city.

Source: Official State Gazette, no. 234, of September 22, 2026, Sec. III. Other provisions, page 125080 (official reference: BOE-A-2026-19684).