ENISA has presented a new report where they once again assess the economic and social impact of the investments made with their participatory loans. On this occasion, the universe analyzed corresponds to 5,189 companies supported by the entity, between 2005 and 2018.
«It is a great satisfaction for ENISA, as well as for the Ministry of Industry, Commerce and Tourism, on which we depend, to verify that the Public Administration is an indispensable tool to promote and promote the number of SMEs and startups in our country. Building a robust innovative ecosystem is essential, not only to generate economic value, but also to make visible the human capital behind each of the 5,189 companies analyzed and encourage others to follow these examples”highlighted José Bayón, CEO of ENISA.
numbers rule
This report has made visible the mark left by participatory loans, by monitoring the growth of the beneficiary companies until the third year. “Its evolution has been studied since the receipt of the first loan from ENISA until 2020, both in aggregate terms and with statistical contrasts of differences in means. This second approach is carried out by comparing the performance of similar companies that did not receive financing from ENISA and the survival and success of the group of companies considered is analyzed”. José Martí Pellón has explained.
In the analyzed sample, the aggregate effect up to the third year after receiving the loan confirms the creation of 13,827 jobs. “A figure that expands to 30,863 by extending the analysis until the year 2020”, adds Bayón.
From the perspective of the cost of committed resources by ENISA, 478 million (56.5%) of the 821.9 million euros lent had already been recovered in the form of repayments up to July 2022. “Said amount does not include other income derived from interest, participation in profits and early cancellation commissions.”, stressed the professor.
The result is a multiplier effect of the loan over investment in total assets. 12.9 times the amount borrowed. A figure that in the case of intangible assets is three times the amount lent.
Finally, in addition to refunds and other income received through interest and early cancellation fees, by monitoring the activity generated, the report includes an estimate of the indirect effect on the collection of Personal Income Tax (IRPF), Social Security and Value Added Tax (VAT), between 2012 and 2020. “The results show values, net of what the control group would have generated, of 543 million in personal income tax, 874 million in Social Security and 2,971 million in VAT”, Bayón stressed.
