€2 million for struggling businesses and extra social welfare in Costa Blanca's Denia

BUDGET BOOST: Businesses and social welfare will benefit.

THE struggling business sector in Denia is being given a €1 million boost, as the council allocates surplus budget to help out during the coronavirus pandemic.

An extra €1 million is also earmarked for the Social Services department, to increase its budget for 2020, which has been estimated at €6.1 million.
With regards to the business sector, the council has consulted with the Cercle Empresarial de la Marina Alta and the Association of Hotel and Tourism Employers of the Marina Alta (Aehtma) and a conference meeting of the organisations is scheduled to take place next week to discuss what actions should be taken.
Councillor for Economic Services, Paco Roselló estimates the aid will be available within the next fortnight, once everything has been approved.
€6 million of the remaining surplus will be used to pay council suppliers and the early repayment of loans.
Roselló said: “The rest of the cash surplus for 2019, another €6 million, we are going to keep so that we do not become undercapitalised, in anticipation that this year the cash results will not be what we expected.”
He stressed the surplus was achieved through savings in expenditure items such as electricity, telephone, advertising by government bodies, legal expenses and technical urban planning studies, on which the council has spent less than it originally budgeted.
In addition, some income has been higher than foreseen in the budget. For example, €1.8 million more than budgeted has been collected in capital gains and funds received from the Generalitat have exceeded the figure foreseenby €600,000.

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Written by

Tara Rippin

Tara Rippin is a reporter for Spain’s largest English-speaking newspaper, Euro Weekly News, and is responsible for the Costa Blanca region.
She has been in journalism for more than 20 years, having worked for local newspapers in the Midlands, UK, before relocating to Spain in 1990.
Since arriving, the mother-of-one has made her home on the Costa Blanca, while spending 18 months at the EWN head office in Fuengirola on the Costa del Sol.
She loves being part of a community that has a wonderful expat and Spanish mix, and strives to bring the latest and most relevant news to EWN’s loyal and valued readers.

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