From 22 March, companies can apply for the subsidy to develop plans for digital transformation, sustainability, internationalisation and advanced management.

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The IDI expands the “Consultancy Cheques” with a line to prepare business management reports

The Institute for Business Innovation of the Balearic Islands (IDI), an entity under the Ministry of Enterprise, Employment and Energy, is extending the “Consultancy Cheques” subsidy with two new lines aimed at optimising business management and analysing the carbon footprint of industrial companies’ products. These lines are in addition to those already included in the cheques for improving the digital transformation of companies, measuring the corporate carbon footprint and drawing up internationalisation plans.

The new additions to the “Consultancy Cheques” respond to the IDI’s desire to offer industrial companies new tools that allow them to be more efficient and sustainable. On the one hand, the calculation of the product’s carbon footprint aims to analyse and be able to reduce the negative environmental impacts of the life cycle of products and move towards a circular economy. This analysis is aligned with the future digital product passport (DPP), the new European ecodesign regulation. For its part, the management line was created as a result of a demand from the same companies that see the positive side of analysing possible inefficiencies in the operation of the industry to improve and optimise management.

The cheques, which have a budget of 330,000 euros, allow industrial companies to plan and draw up a roadmap before taking the step towards digitalisation, sustainability, promotion abroad and improvement of business management. Thus, the following lines of aid are envisaged:

“Idigital” for the development of digital transformation plans: companies will receive between 60 and 45 hours of consultancy to draw up a digitalisation plan or to monitor it.

“Iexporta”: beneficiaries will receive 45 hours of specialised consultancy on internationalisation and support in the definition and implementation of the foreign promotion plan.

“Isostenibilitat”:

Corporate footprint: companies will receive 16 hours of consultancy to identify and calculate greenhouse emissions and issue carbon footprint reports.
Product footprint: they will receive 45 hours of consultancy to draw up the carbon footprint of a maximum of three products, including the acquisition of raw materials, design and production.
“Igestió”: beneficiaries will receive 60 hours of specialised consultancy to optimise business management by drawing up an improvement plan to resolve possible inefficiencies, overproduction, warehouse conditions, etc.

Companies applying for the aid will receive the assistance of a specialised consultant who will guide them through the process and draw up a personalised plan for each beneficiary. The application process for the cheques begins on 22 March and ends on 22 April and will be made through the CAIB’s Electronic Headquarters and the IDI’s website. Companies can access one or all four lines. They simply have to make an application for each consultancy cheque.

A total of 365 companies have benefited from the “Consultancy cheques” over the last five years. As for last year’s call, a total of 82 companies applied, 73 % of which carried out a digitalisation plan, 23 % a sustainability plan and 4 % an internationalisation plan. By islands, 67% of the companies were from Mallorca, 18% from Menorca and 15% from Ibiza.